Asian Shares Rise As Fed Affirms Easy-money Stance

By RTTNews Staff Writer5 days ago


Asian stocks rose broadly on Thursday after the Federal Reserve minutes from the March meeting indicated that officials have little concern over inflation despite rising longer-duration government bond yields.

China's Shanghai Composite finished marginally higher at 3,482.55, with healthcare firms gaining ground buoyed by a ramp-up of vaccination efforts in the country amid the emergence of a new cluster of infections.

Hong Kong's Hang Seng index climbed 333.27 points, or 1.16 percent, to 29,008.07 after a survey showed the private sector in the country expanded at a slightly faster pace in March.

Japanese shares edged lower on concerns about a spike in domestic Covid infections and possible restrictions on economic activity.

Amid a sudden increase in coronavirus infections and the spread of a new variant of the virus, Tokyo Governor Yuriko Koike said she will ask the national government to designate the capital as an area requiring emergency measures.

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