Thursday, 17 October 2019
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Asian Stocks Mixed Before Fed; Treasuries Steady

Asian stocks traded mixed early Wednesday as investors held back from making big changes prior to the Federal Reserve's policy decision. Treasuries and the dollar steadied.

Shares in Japan, South Korea and Australia edged lower. A rally in U.S. stocks earlier sputtered out after a report that U.S. and Chinese negotiators remain at odds on aspects of their current trade talks soured sentiment. A rally in oil stalled.

MSCI's broadest index of Asia-Pacific shares outside Japan ticked down 0.1 percent from a six-month high touched the previous day. Japan's Topix index slipped 0.1 percent as of 9:03 a.m. in Tokyo. South Korea's Kospi dipped 0.1 percent. Australia's S&P/ASX 200 Index fell 0.2 percent. The S&P 500 Index closed flat Tuesday. Futures slid 0.1 percent.

Source : Bloomberg

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