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Stocks diverged in Asia as markets prepare for the Federal Reserve

2019-09-18 06:36 am | Resource: News | No Views : 13

 Stocks diverged in Asia as markets prepare for the Federal Reserve

Equity traders were looking for a direction on Wednesday in anticipation of a lower monetary policy, as lower interest rates make access to funds easier and bonds less attractive. The Federal Reserve is due to release an update today after suggesting it is ready to cut borrowing costs and renew asset purchases to mitigate the impact of protectionist measures in disputes between the United States and its anonymous trading partners in the Brexit.

The Bank of Japan and the Bank of England topped their meetings tomorrow. Japan's exports fell 8.2% last month on an annual basis, showing a negative result for the ninth consecutive time.

China says its work under pressure due to trade war

China needs to stabilize its employment figures, but faces some pressure as a result of the US-China trade war, the National Development and Reform Commission said in a statement on Wednesday. The National Development and Reform Commission, formerly known as the State Planning Commission, a macroeconomic planning agency under the auspices of the State Council, also stressed that downward pressure on Chinese companies is increasing. The agency said it allowed 68.9 billion yuan ($ 9.7 billion) of fixed assets investment.

According to the China National Bureau of Statistics, 9.84 million jobs have been created in China since January, representing 89.5% of the country's new job target for 2019. China's unemployment rate was 5.2% in August.

Asian Equity Relations
  • Japan's Nikkei 225 fell 0.13% at 7:22 CET.
  • Australia's S & P / SX fell 0.28% on the day.
  • Hong Kong's Hsang Sang Index fell 0.05%
  • South Korea's Kospi index jumped 0.44%.
  • The Shanghai Composite grew 0.33% at 7:28 CET
  • Shenzhen index rose 0.19%.
The dollar rose 0.9% to 108.2115 yen at 7:42 CET.


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