Asian markets were mixed in subdued trading Monday, ahead of a meeting by the U.S. Federal Reserve later in the week.
Japan’s Nikkei 225
NIK,
+0.22%
was flat while Hong Kong’s Hang Seng index
HSI,
+0.27%
rose 0.5%. The Shanghai Composite
SHCOMP,
-0.85%
sank 0.6% and South Korea’s Kospi
180721,
+0.09%
slipped 0.3%. Australia’s S&P/ASX 200
XJO,
+0.12%
was little changed, while stocks in Taiwan
Y9999,
+0.04%,
Singapore
STI,
+0.26%,
Malaysia
FBMKLCI,
+0.30%
and Indonesia
JAKIDX,
-0.44%
were a mixed bag.
In Tokyo, shares of Rakuten
4755,
+20.96%
jumped 20% after the e-commerce company announced Friday
it will issue $2.2 billion in new stock.
The Fed is set to meet this week, with Chairman Jerome Powell expected to announce a patient, unchanged monetary policy on Wednesday.
Benchmark U.S. crude
CLJ21,
+0.81%
inched higher to $66.15 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude
BRNK21,
+0.72%,
the international standard for pricing, rose to $69.73 per barrel.
The U.S. dollar
USDJPY,
+0.16%
rose slightly to 109.15 Japanese yen.
