Asian stock markets mixed as investors wait for Fed cue

August 26, 2016 4:06 AM

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MANILA, Philippines - Asian stock markets were mixed Friday, with investors preferring to sit on the sidelines ahead of U.S. Federal Reserve Chairman Janet Yellen’s speech for cues on the timing of the next policy rate hike. Trading volumes and momentum also faded in the backdrop of slumping commodities, weak demand and overcapacity in emerging economies.

KEEPING SCORE: Japan’s Nikkei 225 was down 0.7 percent at 16,448. Hong Kong’ Hang Seng index rose 0.6 percent to 22,963.33. China’s Shanghai Composite was up 0.4 percent at 3,080.15. Australia’s S&P ASX 200 slid 0.1 percent to 5,534.20. South Korea’s KOSPI fell 0.3 percent at 2,037.56. Southeast Asi...

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