Asia trades mixed following US Fed remarks

Donnerstag, 17. Juni 2021 07:19

Major stock markets in the Asia-Pacific region traded in the mixed territory on Thursday after the United States Federal Reserve decided to keep the key interest rate unchanged near zero. Later, Reserve Bank of Australia (RBA) Governor Phillip Lowe warned of "subdued" signs of a tightening labor market and inflation pressure. Meanwhile, Japan decided to lift the state of emergency, imposed to curb the spread of COVID-19, in Tokyo and several other areas.

The Nikkei 225 lost 1.03% at 7:15 am CET as the dollar stood flat against the yen, selling for ¥110.6825. A minute later, South Korea's Kospi declined by 0.44%. Australia's S&P/ASX 200 dropped by 0.33% at 7:17 am CET.

In mainland China, the Shanghai Composite rose by 0.19% at 7:02 am CET, while the Shenzhen Composite advanced by 0.92% at 7:03 am CET. Meanwhile, Hong Kong's Hang Seng went up by 0.17% at 7:18 am CET.

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Breaking the News / JR