Economic news

Asian stocks mixed, as investors discuss Fed's forecast

Asian stocks tried to support their 6-1/2-month highs on Friday after the optimistic U.S. data and due to technology sector strong data, which reduced anxiety caused by the statements of the Federal Reserve System regarding the world's largest economy.

asian stocks mixed 2203

The stocks in Asia showed mixed results at 7.58 GMT  due to the appearance of new signs of the next round of trade negotiations between China and the United States.

The broadest MSCI’s index in the Asia-Pacific region outside Japan rose by 0.30 percent to 160.77.

The technology sector showed a 0.8 percent increase, while the Japanese Nikkei index added only 0.09 percent to 21.627/34.

  • Hong Kong’s Hang Seng fell by 0.18 percent to 29,020.55;

  • China’s Shanghai Composite up 0.09 percent to 3,104.15;

  • South Korea’s Kospi gained the same weight by 0.09 percent to 2,186.95;

  • Australia’s ASX 200 index increased 0.45 percent to 6.195.2 at 7.51 GMT.

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