|Published : 19 Sep 2016, 13:10:34|
Asian stocks rise as Fed, BOJ in focus
Asian stock markets were moderately higher on Monday as investors awaited the outcome from the Federal Reserve and Bank of Japan policy meetings later this week.
South Korea's Kospi added 0.6 per cent to 2,011.84 and Hong Kong's Hang Seng index rose 0.8 per cent to 23,529.37. China's Shanghai Composite Index added 0.6 per cent to 3,021.02.
Australia's S&P/ASX was flat at 5,294.80. Stocks in Taiwan, Singapore and other Southeast Asia were mostly higher. Japan was closed for a holiday.
US stocks closed moderately lower on Friday. The Dow Jones industrial average fell 88.68 points, or 0.5 per cent, to 18,123.80. The S&P 500 index fell 8.10 points, or 0.4 per cent, to 2,139.16 and the Nasdaq composite fell 5.12 points, or 0.1 per cent, to 5,244.57.
Benchmark US crude added 79 cents to $43.82 per barrel in New York. Brent crude, used to price international oils, rose 76 cents to $46.53 per barrel.
The dollar fell to 102.05 yen from 102.28 yen while the euro gained to $1.1165 from $1.1158, according to a news agency report.