Asia close down; Aussie dollar falls 1.8% after inflation unexpectedly drops – CNBC
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Asia markets closed lower on Wednesday, ahead of key central bank decisions from the U.S. Federal Reserve, the Bank of Japan (BOJ) and the Reserve Bank of New Zealand this week.
Australia’s benchmark ASX 200 reversed morning gains of over 1 percent to close down 32.94 points, or 0.63 percent, at 5,187.70, with the financials and energy sub-indexes dragging. The heavily-weighted financials sub-index finished down 1.17 percent, with major banking stocks selling off sharply.
In Japan, the Nikkei 225 finished down 62.79 points, or 0.36 percent, at 17,290.49, while across the Korean Strait, the Kospi fell 4.23 points, or 0.21 percent, at 2,015.40. In Hong Kong, the Hang Seng index was off 0.26 percent as of 3:12 p.m. HK/SIN, while Taiwan’s Taiex closed down 18.52 points, or 0.22 percent, at 8,563.05.
Analysts said markets are still mostly on hold as investors await the outcome from the latest Fed and BOJ meetings.
“The Mighty Fed’s decision this week will likely lay the groundwork for dollar fortunes through 2016,” said Stephen Innes, a senior trader for Asia Pacific at OANDA.
Asia close down; Aussie dollar falls 1.8% after inflation unexpectedly drops – CNBC}