The Asian markets have made a mixed start with some indices marginally trading in red awaiting a Federal Reserve policy decision in US. Chinese market was down led by the decline in material and industrial companies. The Korean market was trading in green despite the Bank of Korea unexpectedly holding the borrowing costs. The bank kept the benchmark seven-day repurchase rate at 3 percent after a surprise cut in July. The Japanese market too was in green though yen has strengthened against other major currencies but stocks rose on speculation that stimulus measures from US and China will help revive the global economy.
Hang Seng gained 32.35 points or 0.16% to 20,107.74, KLSE Composite was up by 7.03 points 0.44 to 1,621.01, Nikkei 225 gained 41.43 points or 0.46% to 9,001.39 Kospi Composite was up by 0.90 points or 0.02% to 1,950.32and Taiwan Weighted gained 12.64 points or 0.17% to 7,583.07.
On the other hand, Shanghai Composite was down by 6.14 points or 0.29% to 2,120.41, Jakarta Composite was higher by 5.39 points or 0.16% to 4,160.52, and Straits Times lost 15.50 points or 0.51% to 3,015.34.