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People relax on bean bags as others take part in a yoga class (L) on a public grass lawn in front of the City Hall with a view of the landmark Namsan Tower in Seoul on October 14, 2022.
Anthony Wallace | Afp | Getty Images
Asia-Pacific markets were mixed on Thursday as investors digested minutes released by the U.S. Federal Reserve that showed members are still committed to fighting inflation with rate hikes.
The Bank of Korea held its interest rates at 3.5%, a first in nearly a year of rate hikes, and in line with expectations. South Korea’s Kospi was 1.1% higher alongside Samsung Electronics gaining 1.96% after the decision. The Kosdaq is also up 0.5%.
Japanese markets will be closed on Thursday for the Emperor’s birthday. The S&P/ASX 200 fell 0.39% in Australia. In Hong Kong, the Hang Seng index rose 0.54% and the Hang Seng Tech index also gained 2.07%.
In mainland China, the Shenzhen Component was fractionally lower, while the Shanghai Composite was up marginally.
Hong Kong and Singapore are expected to release their consumer price indexes, with Singapore’s CPI expected to come in at 7.1% for January.
Overnight, U.S. markets ended lower on Wednesday, with the S&P 500 most notably notching up a fourth straight day of losses.
The Dow Jones Industrial Average also ended the day lower, but the Nasdaq Composite bucked the trend and rose to close 0.13% higher.
— CNBC’s Hakyung Kim, Jeff Cox and Samantha Subin contributed to this report.
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