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Cautious investors in Asia are awaiting the US Federal Reserve's interest rate decision and are suffering from concerns about the Chinese real estate sector.
According to a report by amp2.wiwo.de, investors in Asia are cautiously waiting for the US Federal Reserve's interest rate decision. In addition, concerns about the Chinese real estate sector are weighing on the markets. Ahead of the meetings of the US Federal Reserve and the Bank of Japan (BOJ), investors in Asia are holding back on buying stocks. Investors are particularly cautious before big events, as Takamasa Ikeda from GCI Asset Management explains. The Nikkei index posted its biggest daily loss since August 25, losing 1.2 percent to 33,129 points. The broader Topix fell by 0.3 percent to 2,421 points. Chipmaker Tokyo Electron was at a loss...
Cautious investors in Asia are awaiting the US Federal Reserve's interest rate decision and are suffering from concerns about the Chinese real estate sector.
According to a report by amp2.wiwo.de, investors in Asia are cautiously waiting for the US Federal Reserve's interest rate decision. In addition, concerns about the Chinese real estate sector are weighing on the markets. Ahead of the meetings of the US Federal Reserve and the Bank of Japan (BOJ), investors in Asia are holding back on buying stocks. Investors are particularly cautious before big events, as Takamasa Ikeda from GCI Asset Management explains.
The Nikkei index posted its biggest daily loss since August 25, losing 1.2 percent to 33,129 points. The broader Topix fell by 0.3 percent to 2,421 points. Chipmaker Tokyo Electron was the biggest loser on the Nikkei with a loss of 5.18 percent. The chip test manufacturer Advantest also recorded a loss of 4.54 percent. Shares of chip designer Arm fell on the second day of trading, leaving technology start-up investor SoftBank to suffer a loss of 1.86 percent.
In Shanghai, the market gained 0.1 percent, while the index of major companies in Shanghai and Shenzhen lost 0.1 percent. Concerns about China's real estate sector weighed on markets from Hong Kong to Australia. Nevertheless, Country Garden shares rose by around one percent as the company received approval from its creditors to postpone the repayment of another onshore bond.
Markets expect the Federal Reserve to leave interest rates unchanged, with the focus on forward-looking statements from policymakers. The Bank of Japan will announce its monetary policy decision on Friday.
The uncertainties surrounding the US Federal Reserve's interest rate decision and the Chinese real estate sector are weighing on the stock markets in Asia. Investors are cautious and are holding back from major events. This could lead to further price losses, especially if the US Federal Reserve takes unexpected action or concerns about China's real estate sector continue to grow. It remains to be seen how the markets will develop and what impact this will have on the financial sector.
Source: According to a report from amp2.wiwo.de
Read the source article at amp2.wiwo.de