BY YURI KAGEYAMA
TOKYO (AP) — Asian shares mostly declined in cautious trading Tuesday ahead of central bank meetings around the world.
The Federal Reserve, the Bank of England and the Bank of Japan are holding monetary policy meetings this week.
Japan’s benchmark Nikkei 225 reversed earlier losses to rise 0.2% in afternoon trading to 38,525.95. Australia’s S&P/ASX 200 fell 0.5% to 7,953.20. South Korea’s Kospi shed 1% to 2,738.19. Hong Kong’s Hang Seng slipped 1.3% to 17,014.17, while the Shanghai Composite index declined 0.4% to 2,879.30.
“Markets may be having a tough time positioning the central bank meetings this week,” Jing Yi Tan of Mizuho Bank said in a commentary.
In Japan, the government reported the nation’s unemployment rate in June stood at 2.5%, inching down from 2.6% the previous month, and marking the first improvement in five months.
U.S. stock indexes drifted to a mixed finish Monday to
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