Asian investors continued to focus on the upcoming decision of the US Federal Reserve on Wednesday. When it stops buying bonds and starts raising interest rates – that sets the bar for the central banks of the European Union (ECB), Great Britain and.
“Basically, it is assumed that all you have to do is tighten the key interest rate brake by 150 basis points and that the economy will slow down enough to break the inflation cycle,” says Alan Ruskin, macro strategist at Deutsche Bank.
Chinese industrial production grew faster than expected in November. Industrial production rose 3.8 percent year-on-year in the past month, as data from the National Statistics Office showed on Wednesday. Analysts polled by Reuters had expected 3.6 percent. In October production had grown by 3.5 percent. Higher energy production and lower raw material prices gave the world’s second largest economy a boost.
The Nikkei index, which comprises 225 values, remained virtually unchanged over the course of the year at 28,443 points. The broader Topix index rose 0.4 percent and stood at 1983 points.
The Shanghai stock exchange was 0.1 percent up. The index of the most important companies in Shanghai and Shenzen lost 0.3 percent.