Markets

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

Related posts

Dollar firms ahead of Powell testimony, housing measures hit Kiwi

Loveworld

South Africa calls for investment to boost economic transformation

Loveworld

IMF upgrades global growth outlook

Loveworld

Leave a Comment