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Showing posts with the label CNBC | Asian Pacific Markets at Close Report.

CNBC | Asian Pacific Markets at Close Report: Asian stocks stabilize after selloff; Fed meeting watched.

Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting. Emerging market currencies and stocks saw heavy selling abate as the U.S. central bank  starts a two-day policy meeting  later in the day, chairman Ben Bernanke's final meeting before Janet Yellen takes on the role. M ost analysts expect another $10 billion reduction in its monthly bond-purchase program. "While it makes sense to be cautious about emerging market shares generally, a re-run of the 1997- 98 Asian crisis is unlikely and emerging markets are unlikely to pose a major threat to global economic recovery," wrote Shane Oliver, head of investment strategy and chief economist at AMP Capital, in a note. (Read more:  Will the Fed throw emerging markets a bone? ) Name Price Change %Change NIKKEI Nikkei 225 Index 14980.16 -25.57 -0.17% HSI Hang Seng Index 21960.64 -15.46 -0.07% ASX 200 S&P/ASX