DAVID HAFFENREFFER, CNN ANCHOR: In Asia overnight, Tokyo gets a hit by telecom shares. But caution prevailed for much of the region.</s>DEBORAH MARCHINI, CNN ANCHOR: Lorraine Hahn wraps up the day in Asian markets from our studios in Hong Kong now. Hello, Lorraine.</s>LORRAINE HAHN, CNN CORRESPONDENT: Hello, thank you very much. Asia started its trading week rather slow with investors waiting to see if U.S. interest rates will go up this week. While the consensus is no change, strategists tell us they still want to hear what the Fed has to say about inflation. In Japan, the movers Monday included Internet investor Hikari Tsushin, its stock dropping 7.6 percent ahead of an earnings announcement. After the market closed, Hikari said its profits will be roughly 40 percent lower than its original forecast, due to steep restructuring losses. Toshiba Corp. jumping four percent on report that the electronics giant will increase dividend payouts due to solid chip sales. Overall, the Nikkei lost almost 1 1/2 percent. Here in Hong Kong, the Hang Seng index made gains, led by bank and property stocks. Turnover was light ahead of that Fed meeting. Finally, in South Korea, that equity market ending three-quarters of one percent lower, hurt by a fall in telecom shares. That's a quick check from me, here in Hong Kong, back to both of you in New York.</s>MARCHINI: All right, thank you, Lorraine.
Asian Markets Waiting for Fed