Asia Pacific stocks mixed ahead of U.S. Fed rate decision; Japan’s Nissan Motor plunges
Stocks in Asia Pacific were mixed in Wednesday morning trade as investors await the U.S. Federal Reserve’s interest rate decision.
In South Korea, the Kospi was fractionally higher in early trade. The S&P/ASX 200 in Australia advanced 0.23%.
Japanese stocks lagged regionally, with the Nikkei 225 slipping 0.6% while the Topix index declined 0.88%. Shares of Japanese automaker Nissan Motor plummeted more than 6% after the company on Tuesday forecast a 470 billion yen loss for the fiscal year 2020.
Overall, the MSCI Asia ex-Japan index traded about 0.1% higher.
Investor focus will likely be on the upcoming rate decision by the Fed, expected to be out sometime on Wednesday stateside.
Reference: CNBC
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