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Asian stocks muted with rate cuts in focus; Hong Kong dips on weak China data

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Asian stocks muted with rate cuts in focus; Hong Kong dips on weak China data

Investing.com-- Asian stocks moved little in holiday-thinned trade on Monday, with focus turning squarely to a Federal Reserve meeting this week where the central bank is widely expected to cut interest rates.

But regional trading volumes were limited on account of market holidays in China, Japan, and South Korea. U.S. stock index futures were muted in Asian trade, showing little reaction to reports of a second assassination attempt on Republican presidential candidate Donald Trump.The readings ramped up concerns over a protracted slowdown in Asia’s biggest economy, further denting sentiment towards the country and regional markets.

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