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Asia-Pacific Stock Mkts Develop Individually w/ Softened JP, SK, TW Mkts; HSI Hikes 2%+ Outshining
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The US Fed as expectedly kept interest rates unchanged, and its Chairman Jerome Powell hinted that rate cuts may come later than expected. Asia-Pacific stock markets developed individually, with softened stock markets of Japan, South Korea and Taiwan. Japan, South Korea and Taiwan. The Nikkei 225 closed down 37 points or 0.1% to 38,236, while South Korea's Kospi closed at 2,683, sliding 8 points or 0.31%. South Korea's inflation rate was 2.9% in April, representing the first slowdown in 3 months. Taiwan Stock Exchange Weighted Index closed at 20,222, down 174 points or 0.85%. Hong Kong stocks re-gained the 18,000 mark, and the HSI last printed at 18,201, up 438 points or 2.47%, with the main board's turnover of $101.8 billion. China's stock market closed for holiday. AAStocks Financial News |
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