Forex Marketz Daily Forex News – Fully Markets Update
The Asian stock markets were broadly lower today. Traders were cautious before the start of today’s US Federal Reserve’s monetary policy meeting. The rate decision will come tomorrow during the North American trade session.
The Asian benchmark in Japan, the Nikkei 225, was down after lunch time. The Nikkei lost about 0.2 percent a shares of retail giant Fast Retailing, who owns the Uniqlo clothing stores, fell 0.2 percent. The broader Topix index, in Tokyo, lost about 0.2 percent.
In Seoul South Korea, the benchmark Kospi composite index was down 0.16 percent by the afternoon. Shares of chipmaker SK Hynix were down over one percent as they fell 1.03 percent.
Other Asian and Pacific Rim Markets Fall Tuesday
Looking at the benchmarks on the mainland in China, they were mostly in the red. The benchmark Shanghai composite shed 0.22 percent. The smaller Shenzhen composite was virtually flat. The Shenzhen component lost about 0.10 percent.
In Hong Kong, the benchmark Hang Seng index was down 0.25 percent. In Hong Kong, the Hang Seng index slipped 0.25 percent as shares Chinese tech behemoth Tencent were down around 0.49 percent.
Elsewhere in the Asian and Pacific Rim, the Australian benchmark, the S&P ASX 200 was virtually flat by the afternoon session.
In the headlines, out of the Down Under, the release of the Reserve Bank of Australia (RBA) March policy meeting minutes showed that the RBA noted that trade tensions between the United States and China“remained a continued source of uncertainty for the global outlook.” Their overall regional economic outlook was also quite dim.
