Asian stocks mixed amid new Chinese data and Fed uncertainty

 

Sep 14, 2015 (LBO) – Asian stocks were showed mixed sentiment in cautious trade on Monday, according to foreign media reports as investors grew cautious over new Chinese data released Sunday and an expected Federal Reserve’s policy meeting later this week.

Japan shares fell and Chinese markets wavered Monday, after economic data over the weekend highlighted how the country faces hurdles in reaching its growth targets.

The Nikkei Stock Average was down 0.4 percent and the Shanghai Composite Index gave up early gains to trade near flat.

The Bank of Japan starts a two-day policy meeting later today.

On Monday, the Hang Seng Index was up 0.8 percent while the S&P ASX200 gained 0.4 percent.

South Korea’s Kospi was down about 0.3 percent.

Shares and currencies elsewhere were mixed as investors assessed growing expectations that the U.S. Federal Reserve will hold off on raising interest rates later this week.

Data published during the weekend showed growth in China’s investment and factory output missed forecasts in August, raising the possibility that China’s economic growth may dip below 7 percent in the third quarter for the first time since the global crisis.