Asia Markets: Little movement from Asian markets ahead of Fed meeting

Shares in Asia were mixed Tuesday, as oil prices fell and the dollar softened ahead of a key meeting of the U.S. Federal Reserve at Jackson Hole, this week.

The Nikkei Stock Average NIK, -0.61% was trading 0.3% lower on yen strength, while Australia’s S&P/ASX 200 XJO, +0.70% rose 0.8% higher as demand for dollar-denominated metals increased as they became cheaper to buy. The Hang Seng Index HSI, +0.00% was down 0.4% with the Shanghai Composite Index SHCOMP, +0.16% nearly flat and South Korea’s Kospi SEU, +0.38% up 0.2%.

The firmer yen weighed on Japanese exporters by making them less competitive, with auto makers Honda Motor Co.

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