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Asian markets end mixed on Thursday

13 Apr 2023 Evaluate

Asian markets recovered from initial losses and ended mixed on Thursday after minutes from the Fed's Open Markets Committee March 21-22 meeting indicated that Fed officials see the U.S. economy entering a ‘mild recession’ by year's end in the wake of the banking crisis. Besides, U.S. inflation rate eased to 5 percent in March, the lowest rise in almost 2 years, but many market participants said they still expect the Fed to raise rates by another quarter point early next month. However, Japanese shares rose modestly to extend gains for a fifth day running on optimism of a recovery in the domestic retail sector. Meanwhile, Shares of embattled Chinese developer Sunac China Holdings sank 53.5 percent in Hong Kong as the stock resumed trade following a suspension of more than a year.

Asian Indices

Last Trade            

Change in Points

Change in %  

Shanghai Composite

3,318.36

-8.82

-0.27

Hang Seng

20,344.48

34.62

0.17

Jakarta Composite

6,785.60

-13.36

-0.20

KLSE Composite

1,434.22

-0.52

-0.04

Nikkei 225

28,156.97

74.27

0.26

Straits Times

3,294.54

8.42

0.26

KOSPI Composite

2,561.66

11.02

0.43

Taiwan Weighted

15,804.76

-128.21

-0.81


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