|Published : 15 Mar 2017, 12:05:56|
Asian shares mixed ahead of Fed meeting
Asian stocks were mixed Wednesday as the Fed met to decide on whether to hike interest rates in view of improvements in the US economy.
Japan's benchmark Nikkei 225 stock index lost 0.3 per cent to 19,544.07 and South Korea's Kospi shed 0.1 per cent to 2,130.80. The Hang Seng in Hong Kong edged 0.1 per cent lower to 23,815.03.
The Shanghai Composite Index recouped early losses to rise 0.1 per cent to 3,241.13. Australia's S&P/ASX 200 added 0.2 per cent to 5,772.90.
Shares also fell in Taiwan and most of Southeast Asia.
Oil prices bounced after a slump in US trading fuelled by oversupply concerns. Benchmark US crude rose 79 cents to $48.51 a barrel in electronic trading on the New York Mercantile Exchange.
The contract lost 68 cents, or 1.4 per cent, to settle at $47.72 a barrel on Tuesday. Brent crude, which is used to price international oils, added 73 cents to $51.65 per barrel in London.
Major US benchmarks ended lower. The S&P 500 index fell 0.3 per cent to 2,365.45. The Dow Jones industrial average fell 0.2 per cent to 20,837.37. The Nasdaq composite fell 0.3 per cent to 5,856.82.
The dollar climbed to 114.78 yen from 114.76 yen late Tuesday. The euro rose to $1.0615 from $1.0605. The pound rose to $1.2163 from $1.2153, according to AP.