{"id":42072,"date":"2013-09-17T05:07:50","date_gmt":"2013-09-17T09:07:50","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=42072"},"modified":"2013-09-17T05:07:50","modified_gmt":"2013-09-17T09:07:50","slug":"asian-stocks-dragged-lower-by-fed-fears","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/09\/17\/asian-stocks-dragged-lower-by-fed-fears\/","title":{"rendered":"Asian Stocks Dragged Lower By Fed Fears"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Majority of the Asian Stocks were seen dragged lower on Tuesday, following the upbeat performance seen, driven by Larry Summers withdrawal as a candidate at the US Federal Reserve (Fed). However, the highly anticipated Federal Reserve Meeting due later in the day has been the main focus for investors.<\/p>\n

The Fed policymakers are expected to scale-back on the US central bank\u2019s $85 billion monthly bond-buying program by $10 billion minimum.<\/p>\n

However, a large group of economist is predicting the Fed will postpone trimming its stimulus program until December.<\/span><\/p>\n

Asian Stocks \u2013 Japan <\/span><\/h2>\n

Japan\u2019s benchmark Nikkei 225 lost 0.65% to 14,311.67 on Tuesday, as the Japanese stock market was closed on Monday for public holidays.<\/p>\n

While the country\u2019s yen weakened on Tuesday. The greenback was seen edging 0.09% higher at \u00a599.13, as the country\u2019s stocks dropped lower and gave a boost to the exporters.<\/p>\n

Furukawa, saw the most gains on the index, advancing 5.8% higher, as KDDI Corporation, mobile communication provider plunged 6.5%.<\/p>\n

While Daiichi Sankyo, pharmaceutical company lost 6.8%, following the news that the US Food& Drug Association will be blocking imports of medicine made at the newest plant of Daiichi Sankyo.<\/p>\n

Tokyo\u2019s broader Topix index dropped 0.16% to 1,183.41.<\/p>\n

Asian Stocks \u2013 China<\/span><\/h2>\n

China\u2019s session saw losses as well on Tuesday, with Hong Kong\u2019s Hang Seng retreating 0.35% to 23,169 at the time of writing and the same time the mainland biggest Shanghai Composite lost 1.46% to 2,199.42.<\/p>\n

Bank of East Asia saw the most gains throughout the day, advancing 3.8% higher, while CNOOC, China\u2019s largest offshore oil driller, lost more than 0.8% during the session, after the company gained approval to list on Toronto\u2019s stock exchange.<\/p>\n

In Australia, Sydney\u2019s benchmark index, the S&P\/ASX 200 gained 0.19% at 5,257.90.<\/p>\n

TPG Telecom saw the most gains in the session, rising 13.2%. While the Australian Infrastructure Fund lost 17.7%.<\/p>\n

The South Korean Kospi Index lost 0.39% lower at 2,005.58.<\/p>\n

 <\/p>\n

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The post Asian Stocks Dragged Lower By Fed Fears<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Majority of the Asian Stocks were seen dragged lower on Tuesday, following the upbeat performance seen, driven by Larry Summers withdrawal as a candidate at the US Federal Reserve (Fed). However, the highly anticipated Federal Reserve Meeting due later in the day has been the main focus for investors. The … <\/p>\n

Continue reading “Asian Stocks Dragged Lower By Fed Fears”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-42072","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=42072"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/42072\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=42072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=42072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=42072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}