Asia markets fall ahead of closely watched central bank decisions this week

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The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023.

Kazuhiro Nogi | Afp | Getty Images

Asia-Pacific markets slipped Monday as investors look ahead to a week of central bank decisions.

The U.S. Federal Reserve’s decision is expected early Thursday in Asia, while Australia’s central bank will release its minutes for its Sept. 5 policy meeting on Tuesday.

On Friday, the Bank of Japan will conclude its monetary policy meeting and traders will be looking for clarity on when the BOJ will start to shift its ultra-easy monetary policy. Elsewhere, the People’s Bank of China is also expected to release its loan prime rate decisions on Friday.

In Australia, the S&P/ASX 200 started the week down 0.67% and closing at 7,230.4, while South Korea’s Kospi also fell 1.02% and ended at 2,574.72 and the Kosdaq slumped 0.86% to 891.29.

Hong Kong’s Hang Seng index slid 1.4% in its final hour, while mainland Chinese markets bucked the wider sell-off and rose, with the CSI 300 gaining 0.51% and closing at 3,727.71. It was the CSI’s first gain in four days. Japan’s markets are closed for a public holiday.