Asian Stocks Drop Before BOJ, Fed as Commodities Shares Retreat
- Japan's Topix index declines most in more than a week
- Mitsubishi Motors extends five-day plunge to 50 percent
Are Chinese Stocks Headed for a Correction?
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Asian stocks fell for a third day as raw-material shares declined and Tokyo equities slumped before central bank meetings in the U.S. and Japan this week.
The MSCI Asia Pacific Index dropped 0.2 percent to 132.52 as of 4 p.m. in Hong Kong. While the Federal Reserve is expected to refrain from raising borrowing costs on Wednesday, investors will be on the lookout for any shifts in its guidance on the likely trajectory of increases. The Bank of Japan’s meeting concludes the following day and most economists predict monetary stimulus will be stepped up in Asia’s second-biggest economy.