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Asian shares mixed as earnings fail to inspire before Fed meet

Some investors were also reluctant to move before earnings from heavyweights Apple Inc, Facebook and Amazon due later this week.

April 28, 2021 / 07:59 AM IST

Asian shares were mixed on April 28 as already high valuations discouraged investors from buying equities ahead of a closely-watched US Federal Reserve meeting.

MSCI's broadest index of Asia-Pacific shares outside Japan declined 0.23%. Australian stocks rose 0.55%, but shares in China slipped 0.44%. Stocks in Tokyo edged 0.16% higher.

S&P 500 e-mini stock futures rose 0.09%.

Fed Chairman Jerome Powell is expected to reaffirm that easy monetary policy will remain in place for a prolonged period and dismiss any suggestions of tapering bond purchases.