Economic news

Asia’s stocks mixed as investors wait eagerly Fed meeting

Asian stocks were mixed on Tuesday, as market participants are already awaiting the results of the FED meeting, which is scheduled for this week. Asian shares were near their record highs of 6-1/2 months in the hope that the U.S. central bank may influence a dovish rhetoric.

asian stocks mixed 1903

The MSCI’s broadest index of Asia-Pacific region outside of Japan increased by 0.91 percent to 160.40 at 7.52 GMT.

  • Japan’s Nikkei benchmark went down 0.08 percent to 21,566.85

  • Shanghai Composite in China also fell by 0.18 percent to 3,090.98

  • Hong Kong's Hang Seng rose by 0.13 percent to 29,448.46

  • Australia’s ASX 200 fell by 0.09 percent to 6,184.8

  • South Korea’s Kospi slipped 0.09 percent to 2,177.62.

In view of the global economy slowdown traders focused on the FED meeting, which would begin on Tuesday, later and last two days. Investors are focused on FED outcome whether policymakers  have lowered their interest rate forecasts enough to adjust their dot plot for the next three years.

It is also expected information on a plan to end the process of reducing the volume of bonds on the central bank's balance sheet in the amount of almost $3.8 trillion.


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