The Traderszone Network

Published in TZ Latest News 28 July, 2015 by The TZ Newswire Staff

Asia stocks up as China steadies, wary of Fed

Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve. The steadier tone was enough to lift Australia’s main index (.AXJO) 1 percent, while MSCI’s broadest index of Asia-Pacific shares outside Japan bounced 0.7 percent. Japan’s Nikkei (.N225) was one of the few markets in the red with a loss of 0.4 percent.