Asian stocks closed mostly higher on Wednesday ahead of a Federal Reserve announcement expected to include an interest rate hike.
Chinese shares gained ground on expectations that market research and index company MSCI may quadruple weighting of China A-shares in its global benchmarks, a move expected to unleash a surge of foreign inflows into the country’s stock markets. The South Korean market was closed for Chuseok Day holiday.
European equities closed in the green. Citing people familiar with the matter, German business daily Handelsblatt said that senior Deutsche Bank staff discussed the possibility for a tie up with UBS. Following the news, Deutsche Bank lost 1.37 percent.
Across the Atlantic, U.S. stocks finished the trading session in the red after the Federal Reserve unanimously decided to hike interest rates for the third time this year. Fed Chairman Jerome Powell told reporters during his press briefing that the U.S. central bank does not see inflation surprising to the upside, noting: "It's not in our forecasts."
World Markets Headlines Today
Chinese companies lead Hong Kong market up amid MSCI hopes (Nikkei Asian Review)
India: Sensex dives 230 points dragged by ITC, HUL (Mint)
Australia: Stocks eke out minor gains (Australian Business Review)
European Shares Seen Opening Flat To Higher (RTT News)
European markets are mixed today (CNN Markets)
European markets give mixed signals ahead of Fed decision (CNBC)
Stocks Drift Lower as Oil Gains, Treasuries Fall (Bloomberg)
Stocks trade modestly higher as investors await Fed decision (Marketwatch)
Stocks Rise as Wall Street Prepares for Fed's Third Rate Hike This Year (The Street)
Gold prices steady ahead of Fed rate hike decision, Oil prices drop, Brent moves further away from 4-year high (Reuters)
All Continents Stock Indices Closing Prices
Hong Kong's Hang Seng gained 1.15%. China's Shanghai Composite rose 0.92% while Shenzhen's Composite grew 0.62%. Mumbai's Sensex decreased 0.30% while Nifty 50 was down 0.12%. Australia's ASX200 added 0.10%. Singapore's STI was up 0.09%. Jakarta's Composite decreased 0.02% and Taiwan's Weighted Index finished the day 0.04% in the hole. Thailand's SET advanced 0.11%.
The Paneuropean STOXX600 was higher by 0.30%. France's CAC climbed 0.61%. London's FTSE ticked up 0.05% and Amsterdam's AEX was lower by 0.05%. Belgium's BEL 20 decreased 0.19%. Lisbon's PSI20 ticked down 0.03% while Spain's IBEX 35 was up 0.33%. Italy's FTSE MIB dropped 0.10%.
In Russia, Moscow's IMOEX moved downward 0.69%. In Scandinavia, Stockholm's OMXS30 was up 0.10% while Copenhagen's OMXC25 lost 0.13%. Helsinki's OMXHPI was down 0.47%.
In Central Eastern Europe, Budapest's BUX was up 0.35% while Warsaw's WIG was higher by 0.58%. Prague's PX dropped 0.50%. Bratislava's SAX was unchanged. Tallinn's OMXT was lower by 0.04% and Riga's OMXR added 0.50%. In Vilnius, the OMXV gained 0.03%.
In Southeastern Europe, Bucharest's BET ticked up 0.04%. Sofia's Sofix was down 0.07%. Belgrade's Belex15 dropped 0.28%. Podgorica's MNSE10 was up 0.46%. Sarajevo's SASX10 was off 0.82% while Banja Luka's BIRS increased 0.24%. Ljubljana's SBI Top was down 0.92%. Zagreb's CROBEX was lower by 0.39%. In Skopje, the MBI10 added 0.71%. Istanbul's BIST 100 finished the day 0.14% in the hole. In Athens the General Index increased 0.24% while in Nicosia fell 0.49%.
Botswana's DCI climbed 0.26% and Dar Es Salaam was up 0.26% Egypt's EGX30 gained 1.77%. Lusaka's ASI rose 0.20%. Nigeria's ASI was lower by 0.46%. Namibia's ASI was off 0.70%. In Mauritius, the ASI increased 0.22%. Uganda's ASI climbed 0.76%. Zimbabwe's Industrial Index was up 0.61%.
In the U.S., the Dow Jones fell 0.40% and the S&P 500 lost 0.33%. The Nasdaq was off
0.21%. In Canada, the S&P TSX Composite was higher by 0.06%. Brazil's Bovespa ticked up
0.03% while Mexico's IPC dropped 0.09%. Chile's IPSA was down 0.50%.