Stock market today: Asian shares trade mixed after Wall Street dips amid dimming rate cut hopes

Asian shares are trading mixed as pessimism spreads among investors about any imminent interest rate cut in the U.S. Japan’s benchmark Nikkei finished little changed Thursday, inching down less than 0.1%. Shares rose in Seoul and Hong Kong, but fell in Sydney and Shanghai. Wall Street slipped following another signal that it may have gotten too optimistic about when the Federal Reserve will deliver the cuts to interest rates. The S&P 500 fell 0.6% in the second straight drop. The Dow fell 0.3%, and the Nasdaq composite lost 0.6%. Rising yields in the bond market again put downward pressure on stocks.