Monday 25 April 2016

Asia stocks down​, await Fed, BOJ meetings

The Bank of Japan’s policy meeting on Thursday and Wednesday’s interest rates decision from the Federal Reserve are key developments that will determine how the week will shape up. 

Asian businessman reading newspaper on park bench
Asian stock market and the dollar edged lower on Monday. The Bank of Japan’s policy meeting on Thursday and Wednesday’s interest rates decision from the Federal Reserve are key developments that will determine how the week will shape up. Markets in Australia and New Zealand are closed for ANZAC day public holiday on Monday.

On the losing front, China’s Shanghai Composite is currently trading 0.66% lower at 3,014.20 points and Taiwan’s Taiex at 2,926.97 points (down 1.17%). 

Japan’s Nikkei 225 index is currently trading 0.76% lower at 17,439.62 points, Singapore’s Straits Times at 2,917.28 points (down 0.8%), Hong Kong’s Hang Seng at 21,369.13 points (down -0.46%), South Korea’s Kospi index at 2,013.86 points (down 0.12%), Thailand’s SET Composite at 1,412.04 points (up 0.09), Indonesia’s Jakarta Composite at 4,908.66 points (down 0.12%) and Singapore Nifty at 7,904 points (down 0.14).

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