Asian stocks outside Japan rise, Fed Symposium eyed

After a shaky start on Tuesday, the Asian markets outside Japan appear to have stabilized in the positive territory. Although gains remain capped amid lower oil prices, which weigh heavily on the energy shares.

Moreover, the yen’s relative strength seen from the previous session, continues to dent the sentiment around the exporters’ stocks, dragging the Japanese stocks lower. Markets now eagerly await the Jackson Hole Symposium for a clear stance on the Fed’s interest rate outlook.

The Japanese benchmark index, the Nikkei 225 trades -0.22% lower at 16,560. The Australian markets keep gain, with the S&P/ASX 200 now trading +0.84% at 5,561 points.

The Chinese equities also advance, with the benchmark Shanghai Composite index up +0.44%; the CSI300 index also gains +0.50%. While Hong Kong markets drop -0.20% to trade around 22,950 levels.