Asia-Pacific markets trade mixed ahead of FED meeting

Asia-Pacific markets traded mixed on Monday ahead of this week’s Federal Reserve meeting stateside.

Australian shares reversed earlier losses as the benchmark ASX 200 climbed 0.31%. The energy sector gained 1.18% while the materials sector erased some of its losses but still traded down 0.36%. The heavily-weighted financials subindex rose 0.68%. Japanese markets rose, where the Nikkei 225 notched up a 0.36% gain while the Topix index added 0.69%. In South Korea, the Kospi wavered between gains and losses, the benchmark index inched up 0.09%.

Elsewhere, Hong Kong’s Hang Seng index rose 0.94%. Chinese mainland shares struggled for gains: The Shanghai composite fell 0.21% while the Shenzhen component declined 1.51%.

The Business Belle

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