Bloody Tuesday in Asian equity markets

FXstreet.com (Chicago) – This Wednesday, the US Federal Reserve Bank is expected to publish its decision on short-term interest rates along the pace of the treasury purchase program, the pace of the MBS purchase program and the monetary policy statement after the release of the CPI series in the country.

In the US, Monday was closed with mixed results in Wall Street after retracing to erase previous gains. Asia seems to adopt the same pace on potential cautiousness due to the Fed’s decision and the markets print poor results – mostly losses – as the journey advances. In Japan, the Nikkei 225 is down 0.52%. In Australia, the S&P/ASX 200 is down 0.44%. The Chinese Shanghai Composite retraces 0.51% similarly to the Hang Seng 40 down 0.06%. The Korean Kospi also loses ground printing 0.15% losses while the Indonesian IDX retraces 0.77%. Finally, the Indian S&P CNX Nifty and the Sensex lose 0.71% and 0.55% respectively.