Japanese Market Lower Amid Cautious Trading
TOKYO (dpa-AFX) - The Japanese stock market is lower on Thursday, slipping after closing the previous session higher, with the Nikkei 225 just above the 29,600 level, as traders are cautious after the spike in coronavirus cases showed signs of a fourth wave of infections in the country. The cues overnight from Wall Street were mixed.
The benchmark Nikkei 225 Index is losing 111.86 points or 1.38 percent to 29,618.93, after hitting a low of 29,516.42 in early trades. Japanese shares ended slightly higher on Wednesday.
Market heavyweight SoftBank Group is edging down 0.1 percent, while Uniqlo operator Fast Retailing is up almost 1 percent. Among automakers, Honda is losing almost 2 percent and Toyota is declining more than 1 percent.
Asian Shares Rise As Fed Affirms Easy-money Stance
CANBERA (dpa-AFX) - Asian stocks rose broadly on Thursday after the Federal Reserve minutes from the March meeting indicated that officials have little concern over inflation despite rising longer-duration government bond yields.
China s Shanghai Composite finished marginally higher at 3,482.55, with healthcare firms gaining ground buoyed by a ramp-up of vaccination efforts in the country amid the emergence of a new cluster of infections.
Hong Kong s Hang Seng index climbed 333.27 points, or 1.16 percent, to 29,008.07 after a survey showed the private sector in the country expanded at a slightly faster pace in March.
Japanese shares edged lower on concerns about a spike in domestic Covid infections and possible restrictions on economic activity.
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Asian Markets Mixed Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are mixed amid cautious trading on Wednesday, following negative cues overnight from Wall Street, as traders are uncertain about the near-term outlook for the markets following recent strength. Traders also continue to weigh the impact of a surge in coronavirus cases and extension of lockdown restrictions in several markets. Asian markets closed mixed on Tuesday.
However, the IMF opened its spring meetings on Tuesday by forecasting the strongest global expansion in at least four decades for this year.
Traders are also looking ahead to the release of the minutes of the Federal Reserve s latest monetary policy meeting on Wednesday, potentially shedding additional light on the outlook for interest rates.
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