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Mixed start for Asian markets Mixed start for Asian markets
(about 1 hour later)
Japanese markets have opened lower with the benchmark Nikkei 225 slipping nearly 0.5%, or 76.4 points, to open at 16,087.Japanese markets have opened lower with the benchmark Nikkei 225 slipping nearly 0.5%, or 76.4 points, to open at 16,087.
A stronger Japanese yen continues to weigh on stocks of exporting companies.A stronger Japanese yen continues to weigh on stocks of exporting companies.
In South Korea, the main index the Kospi has also opened slightly lower, slipping 0.05% to 1,972.67.In South Korea, the main index the Kospi has also opened slightly lower, slipping 0.05% to 1,972.67.
Meanwhile, stocks in Australia started the week on a positive note with the benchmark S&P/ASX 200 up 11 points, or 0.2%, to 5,010.Meanwhile, stocks in Australia started the week on a positive note with the benchmark S&P/ASX 200 up 11 points, or 0.2%, to 5,010.
The slight uptick comes after the index fell below the 5,000 level last week.The slight uptick comes after the index fell below the 5,000 level last week.
Central banksCentral banks
The Reserve Bank of Australia, the country's central bank will hold its monthly meeting on interest rates on Tuesday. The majority of economists polled by Reuters are expecting the central bank to keep its key lending rate on hold at its current record low of 2%.The Reserve Bank of Australia, the country's central bank will hold its monthly meeting on interest rates on Tuesday. The majority of economists polled by Reuters are expecting the central bank to keep its key lending rate on hold at its current record low of 2%.
The central bank in India will also hold its monthly meeting on interest rates on Tuesday. Low inflation in India could be a factor in the Reserve Bank of India's future policy on rates.The central bank in India will also hold its monthly meeting on interest rates on Tuesday. Low inflation in India could be a factor in the Reserve Bank of India's future policy on rates.
Meanwhile, the US Federal Reserve will release minutes from its latest meeting on Wednesday. That report will be closely watched for further clues as to when the world's biggest economy is likely to next next increase interest rates.
Elsewhere in AsiaElsewhere in Asia
Markets in China are shut on Monday for a national holiday - Tomb Sweeping Day. Trade will resume on Tuesday.Markets in China are shut on Monday for a national holiday - Tomb Sweeping Day. Trade will resume on Tuesday.