3/21, 7:20 AM (Source: TeleTrader)
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Asia trades higher as investors turn to Fed meeting

Major stock market indexes in the Asia-Pacific region traded higher in the afternoon on Tuesday, as ripples sent out by the fall of several prominent banks seem to calm down. Traders across the globe now focus on the incoming United States central banks' monetary policy decision and subsequent remarks that may signal future interest rate paths.

In mainland China, the Shanghai Composite advanced by 0.43% at 7:15 am CET, while the Shenzhen Composite jumped 1.36%. The Hang Seng added 0.95% a minute later. At the same time, South Korea's Kospi went up 0.37%. The S&P/ASX 200 traded 0.82% higher at the closing bell. Stock markets in Japan were closed for the holiday.

The dollar was flat compared to the Japanese yen at 7:18 am CET, trading for 131.4045.

Baha Breaking News (BBN) / MX