Asian Shares Rise As Fed Affirms Easy-money Stance

By RTTNews5 days ago

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(RTTNews) - 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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