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The Financial Express

Asian shares mixed after Fed keeps rate unchanged

| Updated: February 02, 2018 13:35:25


File Photo (Collected) File Photo (Collected)

Asian share markets were mixed on Thursday, after the US Federal Reserve left its benchmark interest rate unchanged.

Tokyo stocks rose as the yen weakened against the US dollar. Chinese markets declined.

Japan’s Nikkei 225 jumped 1.3 per cent to 23,393.57 and South Korea’s Kospi added 0.1 per cent to 2,568.28. But Hong Kong’s Hang Seng index dipped 0.1 per cent to 32,843.20.

China’s Shanghai Composite Index lost 0.9 per cent to 3,449.93. Australia’s S&P/ASX 200 rose 0.8 per cent to 6,083.60. Stocks in Southeast Asia were mixed, reports AP.

US stocks finished higher. The S&P 500 index rose 0.1 per cent to 2,823.81. The Dow Jones industrial average added 0.3 per cent to 26,149.39. The Nasdaq composite climbed 0.1 per cent to 7,411.48.

Benchmark US crude rose 4 cents to $64.77 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 23 cents to settle at $64.73 per barrel on Wednesday.

Brent crude, used to price international oils, added 5 cents to $68.94 per barrel in London.

The dollar rose to 109.36 yen from 109.20 yen. The euro strengthened to $1.2420 from $1.2411.

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