Stocks in Asia trade mixed on profit taking

Thursday, 21. February 2019 08:13

Investors cashed in on Thursday toward the end of the stock trading session in Asia-Pacific, compared to a mixed bag on Wall Street after minutes were released from the last meeting of the United States Federal Reserve. Risk appetite was initially helped by Richard Clarida, the central bank's vice chairman, who supported the current levels of interest rates. Optimism was also underpinned reports of progress in trade talks between China and the US and the apparent possibility the People's Bank of China would stimulate lenders with another cut in obligatory reserves, but profit taking set in before the closing bell.

Japan's Nikkei 225 index finished 0.15% higher. The dollar slipped 0.06% to ¥110.7705 and lost 0.17% to 6.70733 offshore yuan at 8:11 am CET.

In the most populous nation, the Shanghai Composite dipped 0.32% at 7:56 am CET and the Shenzhen Composite was looking to close 0.29% down. The Hang Seng was 0.2% higher in Hong Kong, in the middle of the session range. South Korea's Kospi moved just 0.04% lower, after the S&P/ASX increased 0.7% for the day.

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