Most of the Asian markets ended Tuesday’s session in red territories, with markets in Japan being the only exception.
The weakening in the Asian equities could be linked to the cations in the market, as investors have shifted their attention to the federal reserve meeting later today.
The FOMC will begin a two-day policy meeting on Tuesday; economists are expecting the central bank to leave interest rates unchanged when it declares its decision on the 20th of September. However, investors are waiting for details regarding the feds' plans to reduce $3.7 trillion of liabilities in the balance sheet.
Elsewhere, in greater China, markets witnessed bearish reactions as Hong Kong’s leading index Hang Seng fell by 0.38 percent to trade at 28,051.41 points, while the Shanghai composite and Shenzhen composite fell by 0.18 percent and 0.62 respectively to settle at 3,356.84 points and 11,083.90 points.
In terms of corporate news, Chinese search company Baidu declared that it had hired Herman Yu as its CFO. Yu was formerly the CFO of Weibo, a microblogging platform.
Meanwhile, the institutional tranche of Chinese online insurer ZhongAn Online Property and Casualty Insurance's initial public offering has been oversubscribed, according to Reuters the company will be on the Hong Kong exchange by the end of September.
Elsewhere in the Korean Peninsula, South Korean Benchmark Kospi fell by 0.09 percent to end the session at 2,416.05 points. Tech giant Samsung declined by 0.96 percent after reaching record highs on Monday’s session.
Japan Stock Market (Nikkei 225)
Japan’s leading index Nikkei 225 advanced by nearly 2 percent to settle at 20,299.38 on Thursday's session; the market reopened for trading after it closed on Monday for “Respect for the Aged Day” holiday. The benchmark found support by overnight gains on Wall Street and optimism that the worst of Pyongyang is over for the time being.
Regarding best performing shares, NKSJ Holdings and J.Front Retailing Co rose by almost 5 percent each.
Among the major exporters, Panasonic by nearly 2.5 percent and Mitsubishi Electric increased by almost 2 percent, while Sony added 1.25 percent.
Australian Stock Market (ASX 200)
The Australian stock market ended Monday’s session in negative territories. ASX 200 lost 0.12 percent to trade at 5,713.58 at the close as losses in the IT and Healthcare sectors led shares lower.
Regarding economic news, the central bank of Australia is positive regarding the resilience of the country's jobs market but anticipated wage growth to remain sluggish.
On the other hand, According to Reuters, the Reserve bank of Australia was concerned about household debt levels and the recent strength in the Aussie currency.
Among the major miners, Fortescue Metals rose by 0.56 percent, and BHP Billiton edged higher by 0.08 percent.
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