Asia trades mostly lower on Fed comments - Breaking The News

Asia trades mostly lower on Fed comments

27 March

1 min read

EPA-EFE/LAURENT GILLIERON

Stock markets in Asia traded mostly lower on the first day of the week after United States Federal Reserve official Neel Kashkari told CBS on Sunday that the ongoing banking crisis "brings us closer" to credit tightening and recession. Elsewhere, Maersk's CEO said that a "really strong rebound" in China is still not evident while North Korea fired a pair of ballistic missiles again.

The Nikkei 225 increased by 0.29% at 3:56 am CET. The Shanghai Composite was down 0.48% at 3:41 am CET and the Shenzhen Composite Index was flat at 3:57 am CET. The Hang Seng fell by 1.64% at the same time. The Kospi in South Korea was 0.70% lower at 3:58 am CET. The S&P/ASX 200 in Australia gained 0.22% concurrently.

The dollar was up 0.13% compared to the Japanese yen at 4:00 am CET, trading for 130.8795.

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