Asian stockmarkets are mixed today, with many investors sitting on the sidelines ahead of this week’s FED meeting. The Nikkei is currently down 0.3%, with construction companies weighing on the index, as investors ar still not assured that Japanese contractors would be unscathed from the Dubai debt problems. In Australia, banks and resource stocks are leading the way, with the ASX200 up 0.65%. Both BHP and RIO are up over 1% and ANZ the best of the banks, up 1.3%.
The Kospi is flat, with energy stocks lower on the back of crude falling overnight, but one the other side technology stocks supporting the index.
It doesnt look FX markets will get any directional clues from the Asian equity markets today.