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Asian Stocks Turning Lower after Initial Gains

Asian stocks swung between gains and losses as the Federal Reserve begins a two-day policy meeting. Japan’s Topix index and Nikkei 225 Stock Average pared advances.

The MSCI Asia Pacific Index was little changed at 132.42 as of 9:46 a.m. in Tokyo, paring earlier gains of as much as 0.3 percent. About $2.7 trillion has been erased from the value of global equities since Fed Chairman Ben S. Bernanke indicated May 22 that stimulus aimed at bolstering the world’s largest economy could be scaled back if the employment outlook shows “sustainable improvement.”

Bloomberg [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]