Asia trades mixed ahead of interest rate week
Asian stock indexes traded mixed on Monday at the start of a week in which three major central banks are expected to hike interest rates. The European Central Bank and the Bank of England should raise rates by 50 basis points on Thursday, preceded by the Federal Reserve on Wednesday with a 25 basis point hike. The earnings season will continue this week as the likes of Philips and Ryanair release their reports later in the day.
The Nikkei 225 increased by 0.32% at 3:12 am CET, the Shanghai Composite added 0.60% at the same time, and the Shenzhen Composite grew by 1.59%. Meanwhile, the Kospi Composite dropped 0.86% at 3:13 am CET, Hang Seng lost 0.72%, and the S&P/ASX 200 stood flat.
The dollar traded 0.21% higher against the yen at 3:14 am CET, going for 130.1580.