Nikkei 225 sees relief rally ahead of Fed

The stocks on the Asian bourses snapped its bearish run and now swing into gains, witnessing a minor relief rally on profit-taking ahead of the key Fed interest rates decision.

The Chinese equities appear to shrug-off latest decision by MSCI to exclude China's A shares from its emerging market index, while the Japanese stocks benefit from a relatively weaker yen.

Asia awaits Fed

The Japanese benchmark index, the Nikkei 225 rebounds +0.78% and looks to regain 16k mark, as USD/JPY extends its corrective rally towards 106.50 levels, up +0.16% so far. The Australian markets are seen paring losses, with the ASX 200 index dropping -0.30% to 5,187.

While the Chinese equities waver between gains and losses, with the benchmark Shanghai Composite index trading flat above 2,800 levels, the CSI300 index modestly lower around 3,070. Hong Kong’s Hang Seng drops -0.25% above 20,300 points.