Asian Equities Mixed Before Fed

Asian stock markets opened mixed on Wednesday as investors looked ahead to the Federal Reserve’s policy decision.

Wall Street rose for a third session as higher inflation data helped offset concerns over Iraq. May’s consumer price index jumped by a larger-than-expected 0.4 percent, with the report coming as the Federal Reserve kicked off its two-day policy review with a decision due later in the day.

On the data front, China’s May house price index is due at 9:30am SIN/HK while Thai investors are awaiting the Bank of Thailand’s latest monetary policy decision as well as revisions to gross domestic product data.


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