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- Asian Stocks close: most stocks closed higher ahead of the Fed’s interest rate decision on Wednesday
Asian Stocks close: most stocks closed higher ahead of the Fed’s interest rate decision on Wednesday
Most Asian stock indices closed higher ahead of the Fed's interest rate decision on Wednesday. Market participants are awaiting the Fed will end its bond-buying program.
Investors also expects new signs for further monetary policy.
Chinese stocks rose as industrial profits in China increased and China's President Xi Jinping urged to create more free-trade zones in China. Profits of Chinese industrial firms rose 0.4% in September from a year earlier, after a 0.6% fall in August.
Retail sales in Japan jumped 2.3% in September, exceeding expectations for a 0.9% increase, after a 1.2% gain in August.
Indexes on the close:
Nikkei 225 15,329.91 -58.81 -0.38%
Hang Seng 23,520.36 +377.13 +1.63%
Shanghai Composite 2,337.87 +47.43 +2.07%
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