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Sept. 21, 2021, 11:13 p.m. EDT

Asian markets mostly lower after mixed day on Wall Street

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By Associated Press

Asian shares were mostly lower on Wednesday after major indexes ended mixed on Wall Street.

Benchmarks fell in Tokyo, Shanghai and Taiwan but rose in Sydney. Markets in South Korea and Hong Kong were closed for holidays.

The Bank of Japan kept its ultra-supportive monetary policy unchanged , as expected.

Investors are waiting to see the Federal Reserve’s latest assessment of the economy and keeping an eye on troubled Chinese developer Evergrande, which is struggling to meet debt payments.

A late-afternoon burst of buying on Wall Street faded in the final minutes of trading Tuesday, leaving the major stock indexes mixed. The S&P 500 ended down a bit less than 0.1%, and the Dow Jones Industrial Average fell 0.1%.

Tokyo’s Nikkei 225 index /zigman2/quotes/210597971/delayed JP:NIK +0.34% lost 0.6%, while the Shanghai Composite index /zigman2/quotes/210598127/delayed CN:SHCOMP -0.34% declined 0.5%. Australia’s S&P/ASX 200 /zigman2/quotes/210598100/delayed AU:XJO +0.0013% gained 0.7%. Shares fell 2.4% in Taiwan /zigman2/quotes/210597977/delayed TW:Y9999 -0.0046% and also declined in Singapore /zigman2/quotes/210597985/delayed SG:STI +0.52% . But benchmarks rose in Indonesia /zigman2/quotes/210597981/delayed ID:JAKIDX +0.16% and Malaysia /zigman2/quotes/210598052/delayed MY:FBMKLCI -0.22% .

The yield on the 10-year Treasury edged higher to 1.33% from 1.32% late Tuesday.

The  Federal Reserve is expected this week  to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, the first step toward unwinding the extraordinary support it’s given the economy since the pandemic struck 18 months ago.

Wednesday’s Fed policy meeting could lay the groundwork for an announcement of a pullback in November.

Global investors also are watching nervously as Evergrande /zigman2/quotes/208605330/delayed HK:3333 +4.26% , one of China’s biggest real estate developers, faces a possible default on tens of billions of dollars of debt, fueling fears of possible wider shock waves for the financial system.

Chinese regulators have yet to say what they might do about Evergrande Group. Economists expect them to intervene if Evergrande and lenders can’t agree on how to handle its debts. But any official resolution is expected to involve losses for banks and bondholders.

On Tuesday, nerves appeared to steady after a selloff on Monday.

The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.11% fell 3.54 points to 4,354.19, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.21% dropped 50.63 points to 33,919.84. The Nasdaq composite /zigman2/quotes/210598365/realtime COMP -0.82% rose 0.2% to 14,746.49.

In other trading, U.S. benchmark crude oil picked up 54 cents to $71.03 per barrel in electronic trading on the New York Mercantile Exchange. It gained 35 cents to $70.49 on Tuesday.

Brent crude oil , the standard for international pricing, added 42 cents to $74.78 per barrel.

The U.S. dollar /zigman2/quotes/210561789/realtime/sampled USDJPY -0.6413% rose to 109.42 Japanese yen from 109.23 yen late Tuesday.

/zigman2/quotes/210597971/delayed
JP : Nikkei
28,804.85
+96.27 +0.34%
Volume: 0.00
Oct. 22, 2021 3:15p
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/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,582.60
-12.18 -0.34%
Volume: 35.32B
Oct. 22, 2021 3:01p
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/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,415.50
+0.10 +0.0013%
Volume: 638,420
Oct. 22, 2021 5:22p
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/zigman2/quotes/210597977/delayed
TW : Taiwan Stock Exchange
16,888.74
-0.77 -0.0046%
Volume: 0.00
Oct. 22, 2021 1:33p
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/zigman2/quotes/210597985/delayed
SG : Singapore: SGX
3,205.14
+16.64 +0.52%
Volume: 0.00
Oct. 22, 2021 5:20p
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/zigman2/quotes/210597981/delayed
ID : Indonesia Stock Exchange
6,643.74
+10.77 +0.16%
Volume: 0.00
Oct. 22, 2021 3:00p
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/zigman2/quotes/210598052/delayed
MY : Malaysia
1,588.08
-3.54 -0.22%
Volume: 0.00
Oct. 22, 2021 5:05p
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/zigman2/quotes/208605330/delayed
HK : Hong Kong
$ 2.69
+0.11 +4.26%
Volume: 172.66M
Oct. 22, 2021 4:08p
P/E Ratio
1.88
Dividend Yield
6.77%
Market Cap
$35.64 billion
Rev. per Employee
$4.66M
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,544.90
-4.88 -0.11%
Volume: 1.82B
Oct. 22, 2021 5:04p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
35,677.02
+73.94 +0.21%
Volume: 349.08M
Oct. 22, 2021 5:04p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
15,090.20
-125.50 -0.82%
Volume: 5.11M
Oct. 22, 2021 5:16p
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/zigman2/quotes/210561789/realtime/sampled
US : Tullett Prebon
113.5700
-0.7330 -0.6413%
Volume: 0.0000
Oct. 22, 2021 4:59p
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