Investors weigh remarks from u.s. Treasury secretary Janet Yellen. She said federal emergency actions to back up failed regional banks could be used again if necessary. In japan, the Nikkei 225 was down 0.38%, and the Topix saw a larger loss of 0.46%.
Consumer price index report for February came in at 0.4% and an annualized increase of 6%. In australia, the S&P/ASX 200 rose 0.78% as bank stocks rallied early in the trading day. The Nikkei 225 opened 0.52% higher, while the Topix climbed 1.17%.
The futures for the Dow Jones Industrial Average and S&P 500 edged 0.1% higher. China's benchmark Nikkei 225 dipped 1.3% to finish at 27,104.32. Hong kong's Hang Seng slipped 0.5% to 20,423.84.
Economists expect a quarterly contraction of 0.8% in the nation's gross domestic product and 1.8% annualized growth. The Nikkei 225 rose 1.05%, leading gains in the region, and the Topix gained 0.73%.
The FTSE 100 and DAX 40 gained +2.67% and 4.82% respectively. In the Asia-Pacific region, the Nikkei 225 and Hang Seng Index climbed 1.16% and 3.56%. The broader measure of the US dollar – the DXY Dollar Index dropped its lowest level since early June this past week.
BSE Sensex and NSE Nifty50 open above 62,500 and 18550 levels today. Domestic markets snapped four-day losing streak to open positive with marginal gains. Asian markets also trading lower with Nikkei 225 trading at 27,467, down 219.41 points or 0.79 per cent.
Hang Seng index in Hong Kong fell 2.5% to 18,949.24 and Shanghai Composite index was down 0.4% at 3,199.62. Tokyo's Nikkei 225 index slipped 0.7% to 27,686.40 and the Kospi in Seoul gave up 0.4% to 2,382.81.
Tokyo's Nikkei 225 index lost 1.7 per cent to 27,750.22 and the Hang Seng in Hong Kong declined 0.7% to 18,612.49. The Dow Jones Industrial Average fell 0.6% to 34,395.01, while the Nasdaq edged 0.1% higher to 11,482.45.
Markets are likely to take cues from global triggers this week which is also a week of monthly expiry. On Friday, US markets closed in the positive. Minutes of FOMC will be released this week and many Fed members have indicated a hard monetray policy stance. Asian frontline indices Nikkei 225 and Shanghai Composite were also trading with negative bias.
Tokyo, Hong Kong and Seoul advanced while Shanghai declined. The Nikkei 225 in Tokyo gained 1.6% to 27,529.33, as the government reported that retail sales rose in September. Wall Street ended last week higher after Apple and other big companies reported strong profits.
Wall Street's benchmark S&P 500 index rose 1.1% on Tuesday after Goldman Sachs, Lockheed Martin and others reported strong results. Nikkei 225 in Tokyo gained 0.7% to 27,353.87 while Shanghai and Hong Kong declined. The yen stayed near a two-decade low near 149 to the dollar.
SGX Nifty - traded on Singapore stock exchange - traded 136 points higher in early trade. Asian-Pacific markets are also hinting towards a positive start as all the markets traded in the green. South Korea’s Kospi was up by over 11 points or 0.50 per cent, Japan's Nikkei 225 surged by over 162 points. US stocks too kicked off the trading week on Monday.
A gauge of the region's stocks slumped by about 1%, led by technology companies in Hong Kong. The benchmark Nikkei 225 index fell 1.16% to 26,775.79, while the broader Topix index lost 0.98% to close at 1,879.56. SET bounced back in yesterday's afternoon trading on hopes the bank of Thailand's Monetary Policy Committee might not lift the interest rate further.
Shares in the Asia-Pacific fell on Monday as recession fears weigh in over expectations of continued tighten monetary policies around the world. The Nikkei 225 fell 1.53% in early trade while the Topix lost 1.07%.
As of Friday's close, it was the best performing major Asia-Pacific index for the year. Mainland China's Shanghai Composite and shenzhen Component have also been hammered. The Nikkei 225 in Japan, India's Nifty 50 and SET index in Thailand fared better.
The Nikkei 225 in Japan rose 2.19% in early trade, and the Topix index was 2.44% higher. South Korea's Kospi advanced 1.81% on its return to trade after a holiday.
Dow Jones, Nasdaq 100, S&P 500 climbed 0.72%, 1.21% and 1.09%. A lack of economic event risk, as well as the Fed’s blackout period until September’s interest rate announcement, likely had traders placing bets ahead of tomorrow’s highly anticipated CPI report. The headline rate is seen weakening to 8.1% y/y in August.
Market in Asia-Pacific opened lower on Wednesday as investors anticipate the Federal Reserve to give its summary on current economic conditions. The Nikkei 225 in japan traded 0.41% lower and the Topix was also 0.37% lower in south Korea.
Japan's Nikkei 225 increased 1.14% to 28,871.78 while the Topix index added 0.6% to 1,984.96. China's Shanghai Composite fell slightly to end the day at 3,276.09 and the Shenzhen Component was up 0.33% at 12,460.22.
