Asia markets mixed after Federal Reserve holds rates; Hong Kong stocks jump 2%
Publishing timestamp: 2024-05-02 03:58:46
Summary
Asia-Pacific stock markets were mixed after the U.S. Federal Reserve decided to hold interest rates steady. Hong Kong's Hang Seng index led gains, while Japanese yen strengthened. South Korea announced guidelines for companies to participate in a program to tackle undervalued Korean stock market. SK Hynix reported high demand for its memory chips. DBS Group reported a jump in net profit. Nio Inc. saw a 20% jump in shares after reporting increased vehicle deliveries. Citi refreshed its list of "highest conviction ideas" in Europe. Japanese yen strengthened, and U.S. oil prices tumbled. Federal Reserve kept interest rates steady and signaled a potential easing of monetary policy.
Sentiment: MIXED
Tickers: 9866-HK, AUD=, .DXY, .N225, .KS11, NVDA, DBSM-SG, .AXJO, .SSEC, .HSI, @CL.1, .SZI, JPY=, @LCO.1,
Keywords: dxy us dollar currency index, nikkei 225 index, s&p/asx 200, world markets, breaking news: asia, shenzhen component index, ice brent crude (apr'23), asia economy, hang seng index, australia, kospi index, economic events, business news, shanghai, prices, breaking news: markets, markets, usd/jpy, wti crude (mar'23), australian dollar/us dollar fx spot rate,
Source: https://www.cnbc.com/2024/05/02/asia-markets-live-updates-stocks-to-open-mixed-fed-holds-rates.html