Asia stocks dip as the Fed signals low rates for years; Australia’s August jobs data ahead
Stocks in major Asia-Pacific markets mostly traded lower Thursday morning as investors react to overnight developments from the U.S. Federal Reserve.
Japan’s Nikkei 225 slipped 0.14% in early trade while the Topix index hovered above the flatline. South Korea’s Kospi shed 0.18%.
In Australia, the S&P/ASX 200 traded slightly lower.
Overall, the MSCI Asia ex-Japan index shed 0.13%.
On the economic data front, Australia’s employment data for August is expected to be out at around 9:30 a.m. HK/SIN.
The Bank of Japan is also set to release its monetary policy statement at around 12:30 p.m. HK/SIN.
Reference: CNBC
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