ASX 200 Market Update - October 30, 2013

• The Australian market has shown some strength and have recovered from some of the yesterday's losses but investors are still trading on the sidelines ahead of the FOMC meeting.

• Regional markets are higher today, as investors trading cautiously because of Fed meeting:
• Japan (Nikkei): +1.2%
• Hong Kong: +0.8%
• Shanghai: +0.8%
• Taiwan: +0.1%
• Korea: +0.1%
• ASX200: +0.3%
• Singapore: +0.1%
• New Zealand: +0.3%

• RBA Governor Glenn Stevens yesterday said that local currency will depreciate in coming days and market experts are saying that AUD is more likely to strengthen rather than weaken.

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