Shares in Mainland China are down by more than 2 percent

Chinese Yuan

Chinese stocks are down in the session, but Asian markets were mostly subdued, taking the lead from a quiet overnight session on the Wall Street as investors go through the result of the meeting that was held in the U.S. central bank.

In Australia, The S&P/ASX ended the session in a flat note and was last seen at 5,986.2. The energy and materials sub-indexes led gains in the broader market after commodity prices was seen performing strong overnight. However, those gains were quickly pulled down by the losses in the utilities and consumer discretionary sub-indexes.

South Korea’s benchmark index, Kospi slipped down by 0.12 percent after markets opened an hour later due to a nationwide university entrance exam. Blu-chip tech plays was also down, but several prominent manufacturing names were up. Samsung Electronics was down by 1.22 percent and Posco was up by 1.92 percent. Some cosmetics companies also managed to claw in gains with Amorepacific pinning on 0.97 percent.

Greater China market traded lower in the session, as Hong Kong’s Hang Seng Index slipped 0.64 percent a day after closing above the 30,000 mark for the first time in a decade.

Mainland China markets also traded lower as stocks recorded significant declines. The Shanghai Composite ended down by 2.2 percent and was trading 3,352.99, with technology, consumer and health-care sectors recording the steepest decline for a singles session.


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