Asia: Slightly lower rates before the Fed meeting, the Nikkei -0.2%
2014-09-16 08:13
(SIX) Asian stocks traded slightly lower on Tuesday, in anticipation of the monetary policy announcement from the Federal Reserve on Wednesday. Monday's New York stock exchanges did not out any clear direction. In Japan resumed trade with smaller declines after long weekend. On the Tokyo Stock Exchange's Nikkei 225 fell by 0.2 percent to 15,912 while the broader Topix was down 0.2 percent to 1,311. The Federal Reserve begins its two-day meeting today and the monetary policy announcement is released tomorrow evening at the 20th Investors are expected to search carefully for indications of when the first U.S. interest rate increase of more than eight years to occur. On the company front synthesis Softbank among winners in Tokyo after Chinese e-commerce company Alibaba, of which the company is a major shareholder, stated plan to raise the price in the ongoing IPO to 66-68 cents per share, from the previous 60 to 66 dollars per share. Softbank advanced 4.0 percent. In Australia, the Sydney Stock Exchange fell, but the winner could be found in commodities sector where rising iron ore prices supported. Fortescue Metals Group was up 2.0 percent, while Atlas Iron increased 2.6 percent. 08:02% today% this year Asian S & amp; P Pan Asia BMI 201 -0.3% Japan's Nikkei 225 15,912 -0.2% -2.3% Japan Topix 1.311 -0.2% + 0.7% Hong Kong's Hang Seng 24,320 -0.2% + 4.4% Korea Kospi 2.043 + 0.4% + 1.6% Australia S & amp; P / ASX 200 5.445 -0.5% + 1.7% Taiwan TAIEX 9133 -0.9% + 6.1% Singapore's Straits Times 3287 -0.8% + 3.8% China 2326 Shanghai Composite -0.6% + 9.9% China Shenzhen A 1342 -1.5% + 21.6% Thailand SET index 1.582 + 0.2% + 21.8% India Sensex 26,795 -0.1% + 26.6% Malaysia KLCI closed -1.1% Indonesia Jakarta Composite 5140 -0.1% + 20.3% Jonathan Axelsson, +46 77 8586163 mailto: jonathan.axelsson@six-group.se www.blogg.six.seSIXNews SIX News
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