Stocks in Asia mixed as markets brace for Fed

Wednesday, 18. September 2019 07:44

Equity traders were looking for direction on Wednesday in anticipation of looser monetary policy, as lower interest rates make access to funds easier and make bonds less appealing. The Federal Reserve is due to issue an update today after hinting it is ready to cut borrowing costs and renew asset purchases to mitigate the impact of protectionist measures in the disputes between the United States and its trading partners and the Brexit unknowns. The Bank of Japan and the Bank of England are up next with meetings tomorrow. Japan’s exports fell 8.2% last month on an annual scale, showing a negative result for the ninth time in a row.

Japan's Nikkei 225 index slipped 0.13% at 7:22 am CET. The dollar gained 0.9% to ¥108.2115 at 7:42 am CET. The Australian S&P/ASX dipped 0.28% for the day. The Hang Seng was 0.05% lower in Hong Kong but South Korea's Kospi jumped 0.44%. The Shanghai Composite grew 0.33% at 7:28 am CET and the Shenzhen Composite was 0.19% up.

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