Home Business Investors in Asia remain cautious about interest rate decisions

Investors in Asia remain cautious about interest rate decisions

TokyoInvestors in the Asian equity markets have remained largely in hiding at the start of the week. Before the upcoming interest rate decisions by the central banks in the US on Wednesday and in the UK and Japan on Thursday, they were careful, said dealers on Monday. The heightened tensions between the US and Iran following the alleged attacks on two tankers in the Gulf of Oman also dampened the risk appetite. In Tokyo, the Japanese leading index Nikkei was just 0.1 percent higher at 21,140 points.

The MSCI index for Asian equities outside Japan fell 0.6 percent. By contrast, the market in Hong Kong increased by around one percent. Relief was provided here that after renewed mass protests, the controversial law was put on hold, which should allow an extradition of defendants to China.

On the foreign exchange market in the Far East, the euro was little changed at 1.1220 dollars. For the Japanese currency, the dollar stood at 108.58 yen on the spot. Oil prices rose slightly amid tensions in the Gulf region, with North Sea Brent rising 0.2 percent to $ 62.13 a barrel.

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