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Asia Markets: Asian markets mixed after Fed leaves rates steady

Asian markets were mixed in early trading Thursday, as the Fed left interest rates intact and the latest round of U.S-China trade talks concluded. Read More...

Asian markets were mixed in early trading Thursday, as the Fed left interest rates intact and the latest round of U.S-China trade talks concluded.

Stocks on Wall Street fell Wednesday after Fed Chairman Jerome Powell sounded upbeat about the U.S. economy. “I see us on a good path,” he said.

In Beijing, a U.S. delegation led by U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin said progress had been made toward a trade deal with China, though hurdles remain. The two sides will meet again for negotiations next week in Washington. Sources told CNBC that a deal remains “possible” by next Friday.

Hong Kong’s Hang Seng Index HSI, +0.63%   rose 0.6%, while the Shanghai Composite SHCOMP, +0.52%  gained 0.5%. South Korea’s Kospi SEU, +0.44%   advanced 0.4%, while benchmark indexes in Taiwan Y9999, +0.31%  , Singapore STI, -0.53%   and Indonesia JAKIDX, +0.46%   were mixed. Australia’s S&P/ASX 200 XJO, -0.71%   slid 0.5%. Japan’s Nikkei remained closed for a 10-day holiday to commemorate the succession of new Emperor Naruhito.

Among individual stocks, insurer AIA Group 1299, +3.31%   rose in Hong Kong, along with Apple supplier AAC Technologies 2018, +2.76%   and casino operator Galaxy 0027, +1.19%  . SK Hynix 000660, +2.28%   and LG Electronics 066570, +1.32%   rose in South Korea. BHP BHP, -1.33%   and Beach Energy BPT, -4.17%   fell in Australia.

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