Asian stocks swung between gains and losses as the Federal Reserve begins a two-day policy meeting. Japan’s Topix index and Nikkei 225 Stock Average pared advances.
The MSCI Asia Pacific Index was little changed at 132.42 as of 9:46 a.m. in Tokyo, paring earlier gains of as much as 0.3 percent. About $2.7 trillion has been erased from the value of global equities since Fed Chairman Ben S. Bernanke indicated May 22 that stimulus aimed at bolstering the world’s largest economy could be scaled back if the employment outlook shows “sustainable improvement.”
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Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
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