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Asia mixed, attention turned at Fed

Asian markets remained in mixed territory this morning as investors expect the start of the Federal Reserve meeting, which will begin today.

Shares in China declined in early trading. Shanghai composite fell partially, and Shezhen composite was generally unchanged.

In Hong Kong, Hang Seng is also slightly down.

Japan’s Nikkei 225 lost its early earnings and was already in red, with the shares of the big Fast Retailng, Softbank Group and Fanuc falling.

In South Korea, Kospi gained 0.23%, with Celltroin’s bio-pharmaceutical company rising by more than 2%, while ASX 200 in Australia added 0.38%.

Data released on Friday showed China’s industrial production for May has risen by as much as 17 years, well below the table’s expectations. This figure came to 5%, compared with 5.5% of the annual report.

This comes as a result of the ongoing trade war between Beijing and Washington, raising fears of further economic slowdown.

Investors are awaiting the Fed meeting, against the background of forecasts that the US central bank will lower interest rates soon.



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