Asian markets ended broadly in the red on Tuesday as global growth worries persisted and investors awaited the Federal Open Market Committee (FOMC) rate decision. The US Federal Reserve begins its two-day policy meeting later today and is expected to raise rates for a fourth time this year. However, the accompanying statement is likely to be dovish amid mounting risks to global growth. Chinese shares ended lower after Chinese President Xi Jinping offered no new specific measures for the implementation of reforms in a highly anticipated speech that marked the 40th anniversary of China's reform. Meanwhile, Japanese shares hit a nine-month low as caution set in ahead of the US Federal Reserve and the Bank of Japan's (BOJ) monetary policy decisions due on Wednesday and Thursday, respectively.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,576.65 | -21.32 | -0.82 |
Hang Seng | 25,814.25 | -273.73 | -1.05 |
Jakarta Composite | 6,081.87 | -7.44 | -0.12 |
KLSE Composite | 1,635.31 | -6.31 | -0.38 |
Nikkei 225 | 21,115.45 | -391.43 | -1.82 |
Straits Times | 3,045.54 | -68.71 | -2.21 |
KOSPI Composite | 2,062.11 | -8.98 | -0.43 |
Taiwan Weighted | 9,718.82 | -68.71 | -0.70 |
