Asian Stocks Trade Lower on Monday as Investors Look Ahead to Fed’s Meeting

Stocks in Asia traded lower on Monday as investors looked forward to the Fed’s meeting and U.S. inflation data this week. 


As of 8:48 BKK time on Monday, Nikkei slipped 0.27%, SSEC dropped 0.41%, Hang Seng Index fell 1.29%, Kospi decreased 0.69% and ASX200 dipped 0.52%.

Thailand’s SET Index closed on Monday for a holiday. 


The Federal Reserve will begin its two-day meeting on Tuesday as the market widely expected a 50 basis point rate hike by the central bank. The U.S. consumer price index for November will also be released on Tuesday as well. The consensus pointed to a slowdown to 7.3% from 7.7% in October. On a monthly basis, economists expected a 0.3% rise in November, compared to 0.4% in October.