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Asian Shares Mixed As Inflation Fears Ease
CANBERA (dpa-AFX) - Asian stocks turned in a mixed performance on Thursday amid cautious optimism around the economic reopening in the developed world. Meanwhile, comments from U.S. Treasury Secretary Janet Yellen and several Fed officials helped ease investor concerns about rising inflation.
Chinese shares ended slightly lower as markets resumed trading for the first time since last week. The benchmark Shanghai Composite index slid 5.57 points, or 0.16 percent, to 3,441.28, while Hong Kong s Hang Seng index rose 219.48 points, or 0.77 percent, to 28,637.46.
Japanese shares posted strong gains to mark their biggest percentage gain in two weeks as traders returned to their desks after a five-day holiday. Tokyo Governor Yuriko Koike said on Thursday an extended state of emergency was needed to contain infections that are straining the capital s medical system.
By Reuters Staff
2 Min Read
May 6 (Reuters) - Australian shares were flat on Thursday, as losses in banks and technology stocks offset advances made by heavyweight miners on the back of higher commodity prices.
The S&P/ASX 200 index was flat at 7,091.50 as of 0030 GMT, after advancing about 0.2% earlier in the day. It ended at a 14-month high of 7,095.8 on Wednesday.
Heavyweight miners rose 2.2% to their highest in nearly 13 years, after copper hit a fresh 10-year high overnight on signs of recovery in major economies, raising hopes of increased demand.
Global mining giants BHP Group and Rio Tinto jumped as much as 3.2% and 2.2%, respectively, with BHP being among the top three gainers in the benchmark.
[BENGALURU] Australian shares were slightly lower on Friday, hurt by losses among energy and tech stocks, but on track to gain over 1.5 per cent for the week on renewed hopes for further fiscal stimulus in the United States after the inauguration of President Joe Biden. Read more at The Business Times.