Asian markets settle mixed on Thursday

22 Aug 2024 Evaluate

Asian markets settled mixed on Thursday with caution ahead of the US Fed chairman's speech at Jackson Hole Symposium that might provide important clues on the Federal Reserve's rate cut trajectory, while the US Federal Reserve's recent meeting minutes reinforced expectations of a 25-bps rata cut during the September meeting if data continued to come in as expected. Seoul shares gained after the Bank of Korea held its key interest rate steady and took a more dovish tone. Japanese shares rose as the yen declined ahead of Bank of Japan Governor Kazuo Ueda's testimony in front of parliament on Friday. However, trade tensions are darkening China’s share market. China is opening an investigation into subsidies of dairy products imported from the European Union, the latest development in a tit-for-tat trade dispute between the two sides.

Asian Indices	Last Trade	Change in Points	Change in %
Shanghai Composite	2,848.77	-7.81	-0.27
Hang Seng	17,641.00	249.99	1.42
Jakarta Composite	7,488.68	-65.91	-0.88
KLSE Composite	1,641.66	6.34	0.39
Nikkei 225	38,211.01	259.21	0.68
Straits Times	3,373.58	-0.18	-0.01
KOSPI Composite	2,707.67	6.54	0.24
Taiwan Weighted	22,148.83	-89.06	-0.40

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