Stocks close lower as markets wait for US Federal Reserve meeting on bond-buying
The local stock index on Wednesday dipped as regional markets awaited the next move of the US Federal Reserve.
The local stock index on Wednesday dipped as regional markets awaited the next move of the US Federal Reserve.
HONG KONG—Asian markets were mixed on Wednesday, with attention turning to the US Federal Reserve’s policy meeting, while Tokyo enjoyed another rally thanks to a weaker yen and data showing a surge in exports. Wall Street again provided a healthy cue, with investors betting the Fed will stop short of reeling in its “quantitative [...]
US stocks Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
Asian markets were mixed on Tuesday, with traders sitting on the sidelines as they await the US Federal Reserve’s plans for its stimulus program.
Asian markets were mixed Monday despite a weak batch of US economic data boosting hopes that the Federal Reserve would put off announcing any winding down of its vast stimulus scheme at the end of a policy meeting this week.
Most local stocks firmed up for a second session in the row as regional markets stabilized ahead of a crucial US Federal Reserve open market committee meeting this week.
Hong Kong stocks rose 0.94 percent on bargain-buying at the open Friday following the previous day’s sell-off, while a Wall Street rally also provided support.
US stocks gained their footing after a rocky start Thursday to put on strong gains in their first positive day this week, shrugging off the 6.4 percent plunge in Japanese markets.
Local shares suffered another day of sharp losses on Thursday as foreign funds stepped up their pullout from the region amid investor worries the US Federal Reserve would scale back its huge bond-buying program that have propped up global stock markets.
Asian markets dived Thursday, with Tokyo’s Nikkei losing more than six percent, while the dollar hit 10-week lows against the yen on expectations that central banks’ monetary easing measures will end soon.
Foreign funds are pulling out of regional stock markets in anticipation of reduced monetary stimuli from major central banks, sending the local stock barometer to unprecedented freefall and wiping out most of the gains for the 2013.
Foreign funds are pulling out of regional stock markets in anticipation of reduced monetary stimuli from major central banks, sending the local stock barometer to unprecedented freefall and wiping out most of the gains for the 2013.
