Nikkei 225 drops amid pre-Fed trading, China rebounds

The calm has spread across Asia ahead of the Fed Symposium, keeping the sentiment around the region’s equities largely undermined amid cautious trading.

The Japanese stocks face double whammy, with risk-off moods prevalent on one hand, while poor Japanese inflation figures weigh on the other. While the Aussie stocks trade with moderate losses, with the downside somewhat capped by stabilizing commodities prices.

While the Chinese stocks stage a rebound this Friday, after having booked -0.57% loss a day before, on the back of China’s regulatory curb concerns.

The Japanese benchmark index, the Nikkei 225 drops -0.65% to 16,450. The Australian markets trade lower, with the S&P/ASX 200 now down -0.17% at 5,532 points.

The Chinese equities swing higher amid a recovery mode, with the benchmark Shanghai Composite index up +0.42%; the CSI300 index trades +0.41% higher. While Hong Kong markets rise +0.57% to trade around 22,960 levels.