Asia-Pacific markets edge higher in cautious trading ahead of this week’s Fed meeting
16 Mar 2021 | SET News
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Asia-Pacific markets edge higher in cautious trading ahead of this week’s Fed meeting
Asia-Pacific markets edged higher Tuesday following a relatively subdued start to the global trading week as investors look ahead to the Fed meeting stateside.
Australian shares rose as the benchmark ASX 200 gained 0.25%, after finishing near flat in the previous session. Most sectors traded up except for the energy and materials subindexes, which were down 0.63% and 0.59%, respectively.
Oil names and major miners sank while most of the country’s so-called Big Four banks also struggled, with only the Commonwealth Bank climbing 0.39% higher.
The Nikkei 225 in Japan advanced 0.16% while the Topix index gained 0.13%. In South Korea, the Kospi gained 0.34%.
That follows an overnight session on Wall Street where the Dow Jones Industrial Average and S&P 500 inched higher to closed at record highs amid optimism over the economic reopening.
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