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Showing posts with the label Asia Market Closing Report

Asia Market Closing Report on Wednesday 31, 2019 | Asia stocks fall as investors await Fed rate decision, Hong Kong closes early ahead of typhoon

Eustance Huang 5-6 minutes Stocks in Asia slipped on Wednesday as investors awaited the U.S. Federal Reserve’s announcement of its decision on interest rates. Meanwhile, markets in Hong Kong closed early as the city braces itself for a tropical storm. The Nikkei 225 in Japan slipped 0.86% to close at 21,521.53, with shares of index heavyweight Fast Retailing declining 1.96%. The Topix index also fell 0.66% to end its trading day at 1,565.14. Shares of Sony surged 5.31% after the company posted a record first-quarter profit on Tuesday. Mainland Chinese stocks slipped on the day, with the Shanghai composite shedding 0.67% to 2,932.51 and the Shenzhen component falling 0.77% to 9,326.61. The Shenzhen composite also declined 0.681% to 1,571.30. In Hong Kong, the Hang Seng index closed early for the day as a tropical cyclone signal was raised to its third highest level. The index fell 1.31% to 27,777.75 as shares of life insurer AIA