Forex
Asia-Pacific stock exchanges are rising after U.S. indices. How will this affect Asia-Pacific stock futures?
Major Asia-Pacific stock indices rose on Tuesday, following U.S. exchanges, trading data showed. This is a positive for Asia-Pacific stock futures.
The Shanghai Composite Index rose 0.46% to 3,129.87 points, the Shenzhen Composite rose 1.16% to 2013.47 points and Hong Kong’s Hang Seng Index rose 1.36% to 1,819 points. Australia’s S&P/ASX 200 was up 1.27% to 6,805.2 points, Japan’s Nikkei 225 was up 0.42% to 2,782.5 points and Korea’s KOSPI was up 0.55% to 2,369.61 points.
Asian stock markets indexes on Tuesday copied the dynamics of the US exchanges, which closed the day earlier with some growth. Therefore, one should not miss Asia stock exchange trading hours. The growth of the American indices was caused by the correction after two days of decline on the prospect of the Fed raising the discount rate.
“Trading volumes were lower than usual, a sign that most traders are wary of making big moves ahead of Wednesday’s Fed policy announcement,” Scott Ladner, chief investment officer at Horizon Investments, told The Associated Press. “No one wants to take a particular stance in the run-up to this,” the expert added.
Meanwhile, the Japanese index is adding relatively modestly as the market assesses inflation statistics in Japan, which accelerated to 3% from 2.6% a month earlier. The figure was a record since 2014.
Earlier we reported that gold is getting cheaper amid a strengthening dollar ahead of the U.S. Federal Reserve meeting.
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