Hong Kong stocks rise 2%, lead gains in Asia's mixed session after Fed hints at pause in hikes
Publishing timestamp: 2023-03-23 03:37:54
Summary
Asia-Pacific markets were mixed following the US Federal Reserve's decision to hike rates by 25 basis points. Hong Kong's Hang Seng index led gains, while Australia's S&P/ASX 200 was down. Japanese banks and financials led losses on Topix after Treasury Secretary Janet Yellen said FDIC was not considering expanding bank deposit guarantees beyond its current limit. Chinese tech giant Tencent reported better-than-expected quarterly revenue, while Morgan Stanley upgraded shares of European energy firm. Bitcoin hit a high of $28,790.
Sentiment: MIXED
Tickers: 6502.T-JP, COIN, JPY=, .AXJO, .DXY, 8306.T-JP, .DJI, .N225, BTC.CM=, .HSI, ETH.CM=, AUD=, 8316.T-JP, .SSEC, @LCO.1, 8411.T-JP, .IXIC, 700-HK, CNY=, .SPX, .KS11, KRW=, @CL.1, .SZI,
Keywords: dxy us dollar currency index, australian dollar/us dollar fx spot rate, shenzhen component index, asia economy, wti crude (mar'23), markets, business news, s&p/asx 200, tencent holdings ltd, united states, ice brent crude (apr'23), kospi index, hang seng index, economic events, breaking news: asia, breaking news: markets, nikkei 225 index, usd/jpy, janet yellen, world markets, shanghai,
Source: https://www.cnbc.com/2023/03/23/asia-markets-fall-as-fed-raises-rates.html