Asian stocks little changed on Monday, traders weighed the U.S. central bank's unprecedented economic stimulus plan is expected to phase out the consequences.
U.S. Federal Reserve Board has been actively buying government bonds to drive down interest rates, employment levels returned to normal after the millions of people lost their jobs in 2008 after the financial crisis recession.
The Fed said the project has helped to stimulate the economy, making it easier to buy houses and investment companies. The Fed also said that the program is not indefinite, when the economy improves, will be eliminated.
Recent economic data and public statements, the Fed policy makers have led investors to conclude that the Fed will begin to gradually reduce its 85 billion dollars as early as September began a one-month bond purchases. Decline in U.S. bond yields is a sign that traders believe the Fed's move is imminent.
But analysts said the sharp increase in credit costs could stifle growth, which will make the transition difficult, may make the stock market crumbling.
"If it looks like there is too much money to remove the adverse effects on the local economy (Fed) will have to take a step back, or more likely the case, it will be completely removed to extend the timetable for monetary stimulus," Evan Lucas said IG in Melbourne, Australia.
Japan's Nikkei 225 index rose 0.1 percent, to 13,669.77 points. South Korea's Kospi index fell 0.2% to 1,915.60 points. Hong Kong's Hang Seng Index fell 0.1 percent, to 22,495.74 points. Australia's S & P / ASX 200 Index rose 0.2 percent to 5,123.80 points.
Suspension of trading in the Philippines, due to severe flooding. Chinese mainland stocks were mixed. Taiwan and Indonesia fell.
On Friday, the Dow Jones Industrial Average index closed out the year, the worst of the week. Drag on the Dow, the weak performance of retailers and enterprises a higher interest rate sensitive. The Dow Jones index fell 0.2 percent, to 15,081.47 points. Standard & Poor's 500 index fell 0.3% to 1,655.83 points. The Nasdaq composite index fell 0.1% to 3,602.78 points.
In electronic trading on the New York Mercantile Exchange, benchmark crude for September delivery fell 10 cents to $ 107.36 a barrel. Contract rose 13 cents on Friday to close at $ 107.46 on the New York Mercantile Exchange.
In currencies, the euro rose to $ 1.3333 from $ 1.3319 late Friday. Dollar rose to 97.53 yen from 97.56 yen.
 



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