“On the Japan-South Korea summit, I think we are still in the process of coordinating”, Yoshihide Suga told a regular press briefing.
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A high-ranking government meeting among South Korea, China and Japan will likely be held in Seoul on Thursday to finalize the agenda for their three-way summit.
Lee Yong-soo, left, who was forced by the Japanese government to…
The Shanghai Composite Index gained 0.14%, while Hong Kong’s Hang Seng edged 0.11% higher, as investors’ uncertainty largely offset a strong performance in China’s defence sector, which surged 7.2% in the session, according to a classification by Citic Securities.
Russian Federation will participate in a multilateral forum on the Northeast Asia Peace and Cooperation Initiative in Seoul on October 27-28, the South Korean Foreign Ministry said in a statement. On Friday, Beijing cut interest rates for a sixth time since November. Stocks in Southeast Asia, Taiwan and Australia also were lower. The U.S. Federal Reserve begins its two-day meeting later on Tuesday amid low expectations for a rate increase as the global economy remains fragile.
“Asian markets are clearly unwilling to rally past the recent highs ahead of the Fed and Bank of Japan meetings”, said Angus Nicholson, an analyst at IG Markets in Melbourne. The Standard & Poor’s 500 dipped 0.2 percent to 2,071.18.
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There was better news, however, on the economic data front, where a report showed a smaller-than-expected decline in industrial profits, which fell 0.1% in September compared with an 8.8% slump in the previous month. The contract lost 62 cents, or 1.4 percent, to close at $43.98 a barrel in New York on Monday. The euro rose to $1.1063 from $1.1057.
