(MENAFN– ecpulse)
Asian stocks fell at the start of the week after recording the highest level in six years last week, this comes before the Fed meeting minutes which may indicate its intention to deal with interest rates after spreading the expectations that the bank will not resort to wait long before raising interest rates after the positive recovery of the U.S. economy.
On the other hand, Lagarde`s comments – President of the IMF - came a bit pessimistic for markets, where it stated that the recent depreciation in the outlook for global growth was due to continued downturn of global investments as well as the continuation of the risks for the U.S. economy, even with the current economic recovery.
- The MSCI Asia Pacific Index dropped 0.1% to 147.43 at 12:44 in Hong Kong.
- Nikkei 225 ended 0.37% lower at 15379.44.
- Topix closed 0.42% lower at 1279.87.
- Shanghai Composite closed 0.10% lower at 2057.24 at 6:30 GMT.
- Australia’s S&P/ASX 200 0.11% lower at 5518.90.
- New Zealand’s NZX 50 closed 0.05% lower at 5186.36.
- Kospi closed 0.23% lower at 2005.12.
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