Asian stocks close mixed, amid hopes for further US interest rate hikes

Asian stock markets closed without a single direction and with predominantly modest variations on Wednesday (27), awaiting a likely new interest rate hike in the US amid inflationary pressures.

Japan’s Nikkei index rose 0.22% in Tokyo to 27,715.75 points, while South Korea’s Kospi secured a slight rise of 0.11% in Seoul, at 2,415.53 points, and Taiex advanced 0.78%. in Taiwan, at 14,921.59 points.

On the other hand, the Hang Seng fell 1.13% in Hong Kong, to 20,670.04 points, pressured by stocks linked to consumption.

In mainland China, the Shanghai Composite edged down 0.05% to 3,275.76 points, but the less comprehensive Shenzhen Composite showed a gain of 0.33% to 2,194.54 points.

The lack of momentum in Asian business comes hours before the Federal Reserve is likely to announce another aggressive rate hike to deal with soaring U.S. inflation, which is at the highest level in about four years. decades. Analysts expect the Fed to raise its policy rate by another 75 basis points.

In Australia, the Australian stock market was in the black on Wednesday, supported by shares in large domestic banks. The S&P/ASX 200 gained 0.23% in Sydney at 6,823.20 points.

With information from Dow Jones Newswires

Source: CNN Brasil

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