Asian equities up as investors anticipate Fed meeting, US company earnings
Asian equities went up on Tuesday following the previous day’s year to date low, with traders keeping watch on the US where key companies would be reporting earnings and the Federal Reserve would meet to discuss policy within the week.
MSCI’s broadest index of Asia-Pacific shares outside Japan climbed up 0.26% after hitting its lowest level since mid-December on Monday. Japan’s Nikkei also went up 0.58%.
Meanwhile, markets in mainland China and Hong Kong have begun to make a small comeback from their lowest level this year on Monday. Recent concerns over government regulations have negatively affected stocks, particularly in the education, property, and tech sectors.
In China, blue chips edged up 0.15%, while Hong Kong benchmark rose 0.31%. However, real estate, healthcare, and education stocks still remain down.
Going over to the US, all three of the country’s major stock indexes have managed to get record closing highs for a second straight session on Monday, while S&P 500 futures dipped 0.14%.