Asian stock markets displayed a mixed performance on [current date] as investors closely monitored upcoming meetings of major central banks, including the Federal Reserve (Fed), European Central Bank (ECB), and Bank of Japan (BOJ).
Hong Kong’s Hang Seng index edged up slightly to 19,404.31 points, gaining 14.36 points or +0.07%. Investors remained cautious as they awaited the outcome of this week’s Federal Reserve monetary policy meeting, where decisions regarding interest rates and economic stimulus measures would be announced.
Meanwhile, South Korea’s Composite (KOSPI) closed at 2,629.35 points, experiencing a minor decline of 11.81 points. Market participants were closely watching the Fed’s interest rate decision announcement, which could impact the value of the US dollar and influence global markets.
The Shanghai Composite in China closed marginally lower at 3,228.83 points, down 2.57 points or -0.080%. Investors eagerly awaited key Chinese economic data scheduled for release this week. The data will provide insights into the country’s economic outlook, especially after recent reports highlighted a significant slowdown in the Chinese economy. Speculation has been rife that the Chinese government might introduce stimulus measures to support economic growth.
In Tokyo, the Nikkei index concluded the trading session at 32,434.00 points, recording a gain of 168.83 points or +0.52%. Market participants directed their attention towards the Federal Reserve’s monetary policy meeting scheduled for Wednesday, June 14. Additionally, they kept an eye on central bank meetings taking place in other nations.
It’s worth noting that the Australian stock market remained closed on [current date] in observance of King Charles III’s birthday.