Stock-market volatility in the US has eased in the past two sessions; Fed officials have said they will consider recent market turbulence and the outlook for the global economy when making their decision. “There is also less appetite by investors“.

China’s Shanghai Composite index declined 1.85 percent, trimming losses slightly after opening down 2.3 percent.

The ChiNext Index, which tracks China’s NASDAQ-style board of growth enterprises, lost 5.70 percent to close at 1,797.56 points.

Disappointing economic indicators, such as fixed-asset investment and industrial production, over the weekend suggested further cooling in the world’s second-biggest economy that will likely prompt the government to roll out more support measures. The Hang Seng Index settled just above the 21,960-point plateau, and the market is looking at further upside on Thursday.

Positive factors included the Shanghai-Hong Kong Stock Connect, a possible Shenzhen-SAR stock link, reform of state-owned enterprises, and lower interest rates and reserve requirement ratio in the mainland.

Asian stocks, with the exception of Australia’s ASX 200 and large-cap firms in China, endured a tough start to the trading week on Monday. The 2015 growth target is 7 per cent. The nation’s four biggest banks lost more than 1 percent. The CSI 300 Index dropped 2.2 percent, with gauges of material and health-care stocks dropping at least 3 percent.

“Price action in European and USA equity markets suggests no one wants to be left behind if the Federal Reserve announces something risk friendly”, Bloomberg News reported him as saying. Japan’s Nikkei Stock Average rose 0.3% to 18,026.48. If it goes ahead, it would inject significant extra liquidity into the market.

NTT Docomo led Japanese wireless carriers lower following a report that prime minister Shinzo Abe said mobile phone rates should be reduced. South Korea’s Kospi was down 0.8%. The Shenzhen Component Index tumbled 4.98 percent to end at 9,290.81 for a combined turnover of 477.61 billion yuan. The pan-European STOXX 600 was up more than 1 percent at the open, while London’s FTSE 100 was trading 0.7 percent higher.

However, other lagging blue chips capped the bourse’s advances. Guangzhou Baiyunshan Pharmaceutical Holdings Co. declined 4.4 percent.

U.S. dealers ended last week on a high with all three main indexes ending more than two percent higher.

The gains tracked advances in the New York and Europe following a mixed bag of U.S. data on retail sales and industrial output.