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11 Sep 2015
Asian stocks trade mixed, cautious ahead of Fed
FXStreet (Mumbai) - Stocks on the Asian bourses shrugged off a positive close on the Wall Street and now trade mixed as markets remain cautious ahead of the release of key economic data by China over the weekend.
While uncertainties over the timing of the Fed rate hike ahead of its policy meeting next week also kept investors’ on the back foot.
The Japanese benchmark, the Nikkei 225, is seen fluctuating between gains and losses, now posting moderate gains backed by higher exporters’ stocks. USD/JPY now trades at 120.85, recording a 0.18% gain on the day while the Nikkei gains 0.25% to 18,344 points.
The Chinese indices are trading mixed with the Shanghai Composite losing -0.12% at 3,194 points while the Hong Kong's benchmark Hang Seng index is up 0.92% at 21,760.
Among other Asian indices, the benchmark Australian S&P/ASX 200 index loses -0.09% at 5,090. While Korea's benchmark Kospi index erased declines -0.70% to 1,949 points in Seoul.
While uncertainties over the timing of the Fed rate hike ahead of its policy meeting next week also kept investors’ on the back foot.
The Japanese benchmark, the Nikkei 225, is seen fluctuating between gains and losses, now posting moderate gains backed by higher exporters’ stocks. USD/JPY now trades at 120.85, recording a 0.18% gain on the day while the Nikkei gains 0.25% to 18,344 points.
The Chinese indices are trading mixed with the Shanghai Composite losing -0.12% at 3,194 points while the Hong Kong's benchmark Hang Seng index is up 0.92% at 21,760.
Among other Asian indices, the benchmark Australian S&P/ASX 200 index loses -0.09% at 5,090. While Korea's benchmark Kospi index erased declines -0.70% to 1,949 points in Seoul.