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26 Apr 2016
Renewed bout of risk-aversion grips Asia before FOMC, BOJ
A renewed bout of risk aversion hit the Asian markets last hours, sending the Japanese stocks deeper in the red amid strengthening yen, while rest of Asia followed suit.
The Asian indices remain wary over the outcome of the key central banks’ events due in the second half of this week, with the FOMC and BOJ monetary policy decisions in the spotlight. The Fed begins its two-day policy meeting later today, while decisions from the RBNZ and BOJ are due in the Asian morning this Thursday.
Nikkei drives Asian markets decline
The Japanese stocks extend losses for the second straight session, as the yen keeps the bid tone intact amid increased nervousness in the markets, as all eyes now remain on the Fed and BOJ policy actions. The Japanese benchmark index, the Nikkei 225 now drops -1.26% to 17,220 points, while USD/JPY trades at 110.94, down -0.22% so far.
The Australian indices gave away early gains and fell into the negative territory, largely unperturbed by the rebound in the oil prices. Australia’s ASX 200 index slides -0.37% to 5,216.
While the Chinese equities continue to wobble amid mixed sentiment, with the benchmark Shanghai Composite index muted around 2,945points, the CSI300 index trades marginally higher around to 3,166. Hong Kong’s Hang Seng slides -0.80% to 21,135 levels.
The Asian indices remain wary over the outcome of the key central banks’ events due in the second half of this week, with the FOMC and BOJ monetary policy decisions in the spotlight. The Fed begins its two-day policy meeting later today, while decisions from the RBNZ and BOJ are due in the Asian morning this Thursday.
Nikkei drives Asian markets decline
The Japanese stocks extend losses for the second straight session, as the yen keeps the bid tone intact amid increased nervousness in the markets, as all eyes now remain on the Fed and BOJ policy actions. The Japanese benchmark index, the Nikkei 225 now drops -1.26% to 17,220 points, while USD/JPY trades at 110.94, down -0.22% so far.
The Australian indices gave away early gains and fell into the negative territory, largely unperturbed by the rebound in the oil prices. Australia’s ASX 200 index slides -0.37% to 5,216.
While the Chinese equities continue to wobble amid mixed sentiment, with the benchmark Shanghai Composite index muted around 2,945points, the CSI300 index trades marginally higher around to 3,166. Hong Kong’s Hang Seng slides -0.80% to 21,135 levels.