Stocks in the Asia-Pacific traded mostly higher on Thursday as investors digested the U.S. Federal Reserve’s smaller rate hike of 25 basis points and Fed Chairman Jerome Powell acknowledged inflation is falling.
In Japan, the Nikkei 225 index gained 55.17 points, or 0.2%, to 27,346.88,
In Hong Kong, the Hang Seng Index docked 113.82 points, or 0.5%, to 21,958.36.
Korean markets rose as the nation’s consumer price index rose 5.2% in the first month of 2023 on an annualized basis, ticking upward for the first time in three months, government data showed.
CHINA
The Shanghai CSI 300 dumped 14.78 points, or 0.4%, to 4,181.15.
In other markets
In Korea, the Kospi climbed 19.08 points, or 0.8%, to 2,468.88.
In Singapore, the Straits Times erased 13.97 points, or 0.4%, to 3,353.68.
In Taiwan, the Taiex jumped 175.03 points, or 1.1%, to 15,585.16.
In New Zealand, the NZX 50 leaped 61.23 points, or 0.5%, to 12,152.16.
In Australia, the ASX 200 acquired 9.99 points, or 0.1%, to 7,511.65.
