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- Asian Stocks close: stocks closed lower ahead of the Fed’ policy meeting
Asian Stocks close: stocks closed lower ahead of the Fed’ policy meeting
Asian stock closed lower ahead of the Fed' policy meeting. Market participants expect the Fed will cut its asset purchase program by another $10 billion.
Market participants also speculate the Fed will start to hike its interest rate sooner than expected.
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said at a meeting of business leaders in the Kansai region today that the BoJ will add fresh easing measures if needed to achieve its 2% inflation target. Mr. Kuroda added Japan's economy will continue to recover moderately and the inflation target of 2% will be achieved as expected.
Indexes on the close:
Nikkei 225 15,911.53 -36.76 -0.23%
Hang Seng 24,136.01 -220.98 -0.91%
Shanghai Composite 2,296.56 -42.58 -1.82%
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