Asian Markets Mostly Lower Before Fed Chair Speech

Seoul, South Korea (AP) – Asian stocks were mostly down on Wednesday as investors watched the risks and the US policy clues about the Fed’s chairman’s monetary policy direction.

STARTUP: Japan’s Nikkei 225 fell 0.5% to 20 098.38 and South Korea’s Kospi lost 0.2% to 2 391.77. Hong Kong’s Hang Seng index rose 0.7% to 26,048.75 while China’s Shanghai Composite Index fell 0.5% to 3 186.08. The S & P / ASX 200 from Australia from 1 percent to 5 673.80. Shares in Southeast Asia were mixed.

FED WATCH: Investors refrain from making big moves before Federal Reserve testimony Janet Yellen before Congress on Wednesday and Thursday.

Traders oversee indications of US monetary policy and Fed plans to reduce its balance sheet. The Fed will also release its Beige Book, an economic snapshot used by the central bank to assess economic trends in the United States.

RUBBER HORN: US President Donald Trump’s eldest son said Tuesday that he was willing to listen to damaging information about Hillary Clinton and the Russian government leaked emails that marked the clearest signal to date that the Trump campaign was Willing to consider the electoral assistance of an opponent. Democrats in Congress have expressed their indignation and insisted that the messages show clear connivance as US intelligence services are investigating whether Russia is scorned in the 2016 election.

VISUALIZING THE ANALYST: The soft opening in Tokyo “suggests that Asian markets are somewhat defensive in response to the publication of Trump emails which entails readiness to accept information from Russia to gain an electoral advantage,” said Ric Spooner of CMC Markets In a comment.

He added: “There is concern that the US administration has increased more in daily difficulties, limiting the political capital it needs to carry out tough economic reforms and stimulants.”

Wall Street: US stocks closed with little change Tuesday. The Standard & Poor’s 500 fell 0.1 percent to 2,425.53. The Dow Jones industrial average gained 0.55 points 21 409.07. The Nasdaq composite material increased from 0.3% to 6,133.30. The Russell 2000 stock index of smaller companies added 4.58 points, or 0.3%, to 1 413.05.

OIL: US benchmark oil added 75 cents to $ 45.79 a barrel in the electronic trading of the New York Stock Exchange. On Tuesday, the contract rose 64 cents, or 1.4 percent, to $ 45.04 a barrel.

Brent crude, which is used to set the international price of oil, gained 65 cents at $ 48.16 a barrel in London. On Tuesday, it rose 64 cents, or 1.4 percent, to close at $ 47.52 a barrel.

CURRENCY: The dollar fell to 113.46 yen from 113.95 yen since while the euro weakened to $ 1,1455 compared to $ 1.1467.

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