Asian stocks edge lower
On Friday, Asian stocks edged slightly down as market participants preferred staying on the sidelines ahead of the Fed’s review, supposed to be more hawkish.
The S&P/ASX 200 traded with a 0.48% decline, while the Nikkei 225 descended 0.3%.
The Shanghai Composite Index decreased 0,42%. The Hang Seng Index in Hong Kong edged down 0.75%. Meanwhile, on Friday, China’s major currency dropped against the greenback when the People’s Bank of China dared to impose a weaker fixing for a second day at 6.4898.
Besides this, overnight, American stocks dived abruptly, facing their worst one-day sell-off for two weeks, because a surge in the greenback generated a rebound in crude prices as well as a gloomy session amidst defensive sectors weighed on the key indices.
The Dow Jones Industrial Average lacked 113.75 or simply 0.63%, trading at 17,982.52, when the S&P 500 Composite Index dipped 0.52% at 2,091.48. By the way, the Nasdaq Composite Index managed to go down 0.05% at 4,945.89.