Asia: Markets fluctuate as dealers brush off Wall Street record

[HONG KONG] Asian markets fluctuated on Wednesday following a record-breaking close on Wall Street that was fuelled by strong earnings from US big-hitters.

However, Sydney rose one per cent as a drop in Australian inflation raised the chances of an interest rate cut by the country's central bank. The reading sent the Australian dollar plunging one percent. Expectations the talks will eventually end with an agreement between the economic superpowers has helped fire a rally across world markets this year, with the initial row having been the catalyst for a sharp sell-off at the end of 2018.

There is speculation Opec kingpin Saudi Arabia could step in to fill the void left in the market by the removal of Iranian crude, which would temper prices.

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