Economic news

Asia’s shares mostly down on Fed meeting expectations

Asian stocks were mixed on Wednesday, but mostly in the red zone, as investors use wait-and-see tactics in connection with the Fed meeting amid conflicting signals about the U.S.-China trade negotiations.

asian stocks lower 2003

Asian shares were mainly down due to weak trade data obtained on Wednesday as ongoing trade negotiations between the U.S. and China weigh.

  • Tokyo’s Nikkei 225 and India’s Sensex grew by 0.20 percent and 0.05 percent respectively at 08.05 GMT

  • Hong Kong’s Hang Seng slipped by 0.39 percent to 29,352.17

  • China’s Shanghai Composite was approximately flat, having dipped by 0.01 percent to 3,090.64.

  • Seoul’s Kospi sank by 0.02 percent to 2,177.10, while Sydney’s ASX 200 went down by 0.32 percent to 6,165.3.

The broadest MSCI’s index of Asia-Pacific region outside Japan advanced 0.02 percent to 160.44.

Some U.S. officials worry about China doesn’t want to make any concessions in trade negotiations according to Bloomberg News. Moreover the Beijing is in a brown study because the Washington has not sufficiently assured them that tariffs would be canceled if a trade deal were concluded. But a little later the same day, the Wall Street Journal reported that negotiations were in the final stage, and U.S. negotiators would go to Beijing as early as next week for further dispute to close the deal by the end of next month.

Among the individual stocks, Sony and Nintendo fell by 3.38 percent and 3.21 percent respectively, in in Tokyo’s trading after Google introduced its new streaming video game service - Stadia.


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