Friday, 11 December 2015

China trades lower as another top executive goes missing

Asian markets traded mixed on Friday, despite Wall Street's positive finish overnight, as record low oil prices weighed resources plays and China shares opened in negative territory as another top executive was reported missing by local media. 

"Most investors are 'laying low' ahead of the all-important FOMC meeting next Wednesday and Thursday," Mark Matthews, head of research for Asia at private bank Julius Baer, said in a note Friday. 

At the Federal Reserve meeting next week, policymakers are widely expected to increase interest rates for the first time in nine years. 

Shanghai Composite down, Fosun chief goes missing The Chinese markets opened lower ahead of another series of economic data due on Saturday, including retail sales, industrial production, and fixed asset investment.

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