HONG KONG, July 27 (Reuters) - Asia’s stock markets fell to fresh troughs on Tuesday led by a third straight session of heavy selling in Chinese internet giants, while bond and currency markets traded on edge ahead of the Federal Reserve policy meeting.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.25% to its lowest level since mid-December, extending a low set the day before.
The Hong Kong benchmark fell 0.59%, its third day of declines, with the Hang Seng Tech index down 2% to its lowest since its inception in July 2020.
In onshore markets, Chinese bluechips fell 0.26% after closing on Monday at their lowest since December thanks to regulatory crackdowns in the education and property sectors.
Elsewhere in Asia, markets were a little more optimistic, with Japan’s Nikkei rising 0.35%, and Australian shares up 0.54%.
In addition, the Federal Reserve will begin its two day meeting later on Tuesday, with investors set to scrutinise a statement and press conference from Fed Chair Jerome Powell due late Wednesday.
stock indexes eked out record closing highs for a second straight session on Monday but S&P 500 futures dropped 0.14%.
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