Asia Mostly Up Ahead of Fed Decision - InvestingChannel

Asia Mostly Up Ahead of Fed Decision

Asia-Pacific markets ended mostly higher Wednesday, with Australia’s S&P/ASX 200 extending a multi-day winning streak to settle at an all-time high.

The Nikkei 225 recovered 176.95 points, or 0.5%, to 36,380.17.

Investors await the Federal Reserve’s rate decision due Wednesday stateside, and assessed economic data from Japan. Indonesian central bank’s rate decision is also due later in the day.

Japan’s imports and exports in August rose 2.3% and 5.6%, respectively, from a year ago, according to Japan’s Ministry of Finance, both missing the Reuters poll estimates of 13.4% and 10% growth.

Japan’s private sector machinery orders in July declined 0.1% from the previous month, according to data from the Cabinet Office, missing Reuters estimates of a 0.5% increase.

In other markets,

Markets in Hong Kong and Korea were shuttered for holiday.

In Shanghai, the CSI 300 regained 11.76 points, or 0.4%, to 3,171.01.

In Singapore, the Straits Times Index dipped one point to 3,592.42.

In New Zealand, the NZX 50 ditched 84.97 points, or 0.7%, to 12,596.98.

In Australia, the ASX 200 picked up 1.16 points to 8,142.07.

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