This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-29797772
The article has changed 6 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Asian shares trade lower ahead of Fed meeting | Asian shares trade lower ahead of Fed meeting |
| (35 minutes later) | |
| Asian stocks are mostly falling ahead of the Federal Reserve meeting where policymakers are expected to make a decision on its stimulus programme. | Asian stocks are mostly falling ahead of the Federal Reserve meeting where policymakers are expected to make a decision on its stimulus programme. |
| Most analysts expect the US central bank to end its monthly bond-buying programme and maintain its key interest rate at a record low. | Most analysts expect the US central bank to end its monthly bond-buying programme and maintain its key interest rate at a record low. |
| Japan's benchmark Nikkei lost 0.2% despite data showing September retail sales beat economist estimates. | Japan's benchmark Nikkei lost 0.2% despite data showing September retail sales beat economist estimates. |
| Australia, New Zealand and Singapore are all trading in negative territory. | Australia, New Zealand and Singapore are all trading in negative territory. |
| Hong Kong stocks bucked the downward trend, rising 0.2% to 23,190 points at the open on Tuesday. | Hong Kong stocks bucked the downward trend, rising 0.2% to 23,190 points at the open on Tuesday. |
| The Fed has been looking to end its stimulus programme, also known as quantitative easing (QE), by gradually reducing the amount provided for its asset-purchase programme. | The Fed has been looking to end its stimulus programme, also known as quantitative easing (QE), by gradually reducing the amount provided for its asset-purchase programme. |
| However, concerns over the withdrawal of the US stimulus has previously caused volatility in Asian stock markets. | However, concerns over the withdrawal of the US stimulus has previously caused volatility in Asian stock markets. |
| That's because the Fed's programme helped money to flow into emerging market stocks, bonds and property in Asia despite structural weaknesses in their overall economies. | That's because the Fed's programme helped money to flow into emerging market stocks, bonds and property in Asia despite structural weaknesses in their overall economies. |
| Stock movers | |
| Shares in China's biggest train makers CSR and China CSR were suspended from trading following reports the two companies are planning to merge. | |
| According to the China Securities Journal, the two firms had set up working groups to discuss a possible merger which would help promote China's high-speed train technology overseas. | |
| In Australia, shares of Bega Cheese fell by more than 2% after it said profit growth next year will "present a significant challenge". | |
| The company has been affected by Russian sanctions on western food imports and falling global dairy prices. |