Asia shares sit at 2021 lows ahead of Fed verdict, China steadies By Reuters – Investing.com
- Date: 28-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:user-top-picks
Asia shares sit at 2021 lows ahead of Fed verdict, China steadies By Reuters – Investing.com
By Alun John
HONG KONG (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while currency markets were quiet with traders wary of placing large bets prior to the outcome of a Federal Reserve meeting.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.31% in morning trading. Markets in Hong Kong and mainland China stabilised after a sharp sell-off in the previous session, balancing declines elsewhere in Asia.