Indices of Asia-Pacific region mainly grow in anticipation of US FRS decision
Almaty. September 17. Silkroadnews - Stock exchanges in the Asia-Pacific Region (APR) show a positive trend, pending a decision by the US Federal Reserve base rate (FRS). This was according to the auction, reports the newspaper "Vedomosti".
As at 10.25 Astana time, the index of the Shanghai Stock Exchange Shanghai Composite rose by 0.51% - to 3168.31 points. The index of the Shenzhen Stock Exchange Shenzhen Composite added 1.31%, to 1705.41 points. Hong Kong's Hang Seng Index rose by 0.77% to 22,136.36 points.
Japan's Nikkei 225 grew by 1.15% - to 18,381.12 points. Korean KOSPI fell by 0.07% reaching 1973.49 points. Australian S&P / ASX 200 added 1.32%, to 5166.39 points.
On Thursday, after a meeting of the FRS's Open Market Committee will announce the preservation of the current level or increase the base rate. Now the rate is at a record low - 0-0.25%. Most experts believe that the agency will leave the rate unchanged.
Also, market participants drew attention to the news that the international rating agency Standard & Poor's Ratings Services (S&P) has downgraded the long-term rating in foreign and local currency in Japan by one notch to "A +" from "AA-". The downgrade is due to a decrease in the probability of recovery of the Japanese economy to an extent that will provide sufficient support for the country's creditworthiness for its compliance with the previous ratings.