Market Report – Federal Reserve Meeting Eyed

In today’s market report… most Asian share markets eased on profit-taking Tuesday after recent rallies, as investors eyed a Federal Reserve meeting this week and growing Greek debt jitters.

The euro slid against major currencies, including the yen, on uncertainty about a multilateral bailout for Greece.

Commodities prices also declined on doubts about whether Greece would receive a $60.5 billion aid package and meet its debt payments.

Meanwhile, the Fed’s two-day policy meeting starts today, although few expect the U.S. central bank to tighten rates near term.

Seoul shares edged lower after touching a 22-month high, while in Japan, the Nikkei benchmark eked out a gain, despite a firmer yen.

World No.4 LCD TV maker Sharp gained ahead of results showing a swing to quarterly profit, while the company now sees $1.3 billion in earnings this year.

Shanghai shares eased, as the world’s second largest bank by market value, China Construction, declined after a report saying it may raise up to $10.3 billion in new share issuance.

Foto: NTDTV