HONG KONG: Asian traders moved cautiously Tuesday ahead of a much-anticipated Federal Reserve policy meeting, which they hope will provide clarity on the US central bank’s interest rate plans for the rest the year. Tokyo ended 0.1 percent lower but struggling industrial giant Toshiba reversed an earlier near nine percent slide to end slightly higher after it was given approval to delay the release of its earnings results. The delay stems from an investigation into the US subsidiary, Westinghouse Electric, the Nikkei business daily said. In other markets Hong Kong dipped 0.2 percent, Shanghai edged up slightly 0.1 percent and Sydney was flat. Elections in France and Germany later in the year are also keeping investors on edge, with populists in both countries threatening the status quo.

Source: Manila Times March 14, 2017 07:18 UTC