Asia Pacific markets are exhibiting mixed trade in Tuesday’s morning session as investors remained sidelines ahead of Wednesday’s monetary-policy decision by the Federal Open Market Committee (FOMC). Disappointment over a recent growth strategy unveiled by the Japanese government and worries over slowing growth in China also contributed to the market turmoil. Meanwhile, Chinese market too declined in early trade led by developers on concern that gains in home prices will limit scope for monetary easing.
Jakarta Composite surged 77.26 points or 1.62% to 4,851.77, Straits Times soared 36.65 points or 1.15% to 3,220.09, KOSPI Composite rose 6.03 points or 0.32% to 1,889.13 and Taiwan Weighted was up by 27.27 points or 0.34% to 8,020.16.
On the flip side, Shanghai Composite slipped 4.65 points or 0.22% to 2,151.56, Hang Seng dropped 135.81 points or 0.64% to 21,090.09, KLSE Composite dipped 0.54 points or 0.03% to 1,771.63 and Nikkei 225 was down by 29.07 points or 0.22% to 13,004.05.
