Asia-Pacific trades lower after US Fed's decisions

Thursday, 27. January 2022 07:37

Major stock markets in the Asia-Pacific region traded lower on Thursday after the United States Federal Reserve remarked it will leave the target range for its key interest rate unchanged for now but raise it soon. Its Chair Jerome Powell also commented that China's approach to the ongoing COVID-19 pandemic, which includes potentially more lockdowns, could further affect the present-going supply chain issue. Meanwhile, Japan warned about North Korea's recent missile tests, describing them as a threat to regional security.

In China, the Shanghai Composite lost 1.28% at 7:19 am CET, while the Shenzhen Composite fell by 2.25%. Hong Kong's Hang Seng declined by 2.74% at 7:34 am CET.

Japan's Nikkei 225 closed 3.11% lower as the dollar gained 0.08% to the yen at 7:35 am CET to sell for ¥114.6855. South Korea's Kospi decreased by 3.50% at 7:32 am CET. Australia's S&P/ASX 200 traded 1.77% lower at the close.

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Author:
Baha Breaking News (BBN) / JR