People loosen up on bean bags as others participate in a yoga class (L) on a public grass lawn in front of the City Hall with a view of the landmark Namsan Tower in Seoul on October 14, 2022.
Anthony Wallace | Afp | Getty Images
Asia-Pacific markets were mixed on Thursday as investors digested minutes released by the U.S. Federal Reserve that showed members are still committed to fighting inflation with rate hikes.
The Bank of Korea held its rates of interest at 3.5%, a primary in nearly a yr of rate hikes, and consistent with expectations. South Korea’s Kospi was 1.1% higher alongside Samsung Electronics gaining 1.8% after the choice.
Japanese markets will likely be closed on Thursday for the Emperor’s birthday. The S&P/ASX 200 fell 0.28% in Australia. In Hong Kong, the Hang Seng index rose 0.4% and the Hang Seng Tech index also gained 0.37%.
In mainland China, the Shenzhen Component was fractionally lower, while the Shanghai Composite was also up 0.25%.
Hong Kong and Singapore are expected to release their consumer price indexes, with Singapore’s CPI expected to are available in at 7.1% for January.
Overnight, U.S. markets ended lower on Wednesday, with the S&P 500 most notably notching up a fourth straight day of losses.
The Dow Jones Industrial Average also ended the day lower, however the Nasdaq Composite bucked the trend and rose to shut 0.13% higher.
— CNBC’s Hakyung Kim, Jeff Cox and Samantha Subin contributed to this report.
