Asian Shares Mostly Lower ahead of Major Central Bank Meetings

Shares in the Asia-Pacific mostly dropped on Monday ahead of major central bank meetings this week.

As of 9.32 a.m. Thai time, the Hang Seng index in Hong Kong was 1.06% lower, while South Korea’s Kospi opened higher before falling 0.75%.

In mainland China, the Shanghai Composite dropped 0.37%. 

The S&P/ASX 200 in Australia showed no change from the previous trading session.

Japan’s market was closed for a holiday Monday.

The Federal Reserve and the Bank of Japan will both release their interest rate decisions later this week.

The CME FedWatch tracker of Fed funds futures bets shows that traders expect the Fed to raise interest rates by 75 basis points.

According to a Reuters survey of economists, the Bank of Japan is likely to maintain its current record-low interest rate policy.