While investors analyzed the U.S. Federal Reserve’s minutes, which revealed that members remain dedicated to tackling inflation with rate hikes, Asia-Pacific markets were neutral on Thursday.
After nearly a year of rate increases, the Bank of Korea kept interest rates steady at 3.5%, which was in line with forecasts. The Kospi in South Korea closed Thursday 0.9% higher, at 2,439.09, and Samsung Electronics gained roughly 1.5% as a result of the move. At 783.28, the Kosdaq likewise closed 0.6% higher.
In observance of the Emperor’s birthday, Japanese markets were closed on Thursday.
In Australia, the S&P/ASX 200 dropped 0.4% to settle at 7,285.4. The Hang Seng index in Hong Kong fell by 0.3% while the Hang Seng Tech index rose by 1.1%.
The Shanghai Composite dropped 0.11% to conclude at 3,287.47, while the Shenzhen Component in mainland China finished 0.13% lower at 11,884.3.
|Nikkei 225 Index||*NIKKEI||27104.32||-368.78||-1.34|
|Hang Seng Index||*HSI||20351.35||-72.49||-0.35|
|S&P/ASX 200||*ASX 200||7285.4||-29.1||-0.4|
|CNBC 100 ASIA IDX||*CNBC 100||8189.08||21.53||0.26|
The consumer price indices for Hong Kong and Singapore are anticipated to be released; Singapore’s CPI registered an annualized rate of 6.5% for January.
U.S. markets declined overnight, with the S&P 500 particularly notable for recording a fourth straight day of losses.
The Nasdaq Composite defied the trend and increased to close 0.13% higher, while the Dow Jones Industrial Average likewise finished the day lower.