Asian Shares Mostly Decline Before Start of FOMC Meeting

By Staff,

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Asian stocks were mostly lower before the Federal Open Market Committee begins its two-day policy meeting on Tuesday.

Most economists expect the Fed to trim its bond-buying program by $10 billion.

Japanese markets reopened after a three-day holiday weekend.

In ADR news, LG Display ( LPL ) is feeling heat from little-known Chinese LCD makers, according to Reuters. Several brokerages also cut Q3 earnings forecasts for LPL, says.

CNOOC Limited ( CEO ) says its ADRs were approved to trade on the Toronto Stock Exchange on Wednesday.

The Nikkei ended down 0.65% at 14,311.67, the Hang Seng down 0.31% at 23,180.52 and the Straits Times up 0.05% at 3,180.92.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: CEO , LPL

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