January 31, 2023

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Asia Pacific Markets, CPI data, Federal Reserve, Hang Seng Index

Asia Pacific Markets, CPI data, Federal Reserve, Hang Seng Index

The flags of China and Hong Kong flutter as screens display the Hang Seng ticker outside the Exchange Square complex, which houses the Hong Kong Stock Exchange (HKEX), on January 21, 2021 in Hong Kong, China.

China News Service | China News Service | Getty Images

Stocks fell in the Asia-Pacific region on Monday as investors looked forward to this week’s Federal Reserve meeting and US inflation data.

Hong Kong Hang Seng Index It fell 2.2% to close at 19,463.63, topping losses in the region. Hang Seng Tech fell 4.05% to close at 4,192.67.

in Australia , S&P/ASX 200 It closed down 0.45%, to settle at 7,180.8. Japan Nikkei 225 index The Topix fell by 0.21%, closing at 27,842.33, while the Topix fell by 0.22%, to 1,957.33.

South Korean standard Cosby It closed down 0.67%, at 2373.02, and the KOSDAQ fell 0.59%, at 715.22. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.13%.

Mainland China Shanghai boat It closed at 3,179.04 after losing 0.63%, and Shenzhen component It was down 0.673%

On Monday, India is due to publish data on inflation and industrial production.

Later this week at the state level, the Federal Reserve is due to go live Two-day meeting Tuesday. Economists widely expect the US central bank to raise interest rates by half a percentage point on Wednesday.

Latest US reading Consumer price index It is also scheduled for Tuesday. Analysts polled by Reuters had expected the index to rise 0.3 percent in November.

— CNBC’s Patty Dumme contributed to this report.

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