Asia trades mostly higher as recovery hopes rise

Thursday, 08. April 2021 07:33

Shares in the Asia-Pacific region traded mostly above the flatline on Thursday as traders digested a somewhat optimistic consumer confidence report issued by Japan's Cabinet Office.

While the United States Federal Reserve's highlights report underlined the reliance of recovery on the vaccination process, Fed's Board of Governors member, Lael Brainard, asserted that the outlook for the world's largest economy has brightened considerably.

The Nikkei 225 slid 0.24% at 7:28 am CET, with Hang Seng adding 0.87% a minute later. At the same time, the Kospi gained 0.13%. The S&P/ASX 200 was up by 0.90% at 7:16 am CET.

In mainland China, the Shanghai Composite moved up by 0.15% at 7:15 am CET, while the Shenzhen Composite advanced by 0.16% a minute later. The dollar traded 0.15% lower against the yen at 7:32 am CET to sell for 109.6830.

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Breaking the News / BU