Asian stock markets are moving with mixed signs on Thursday in the aftermath minutes of the last meeting of the Federal Reserve which confirmed that the central bank will continue to raise interest rates in the coming months to deal with the inflation rally.
The Fed released its minutes from the previous monetary policy meeting yesterday, which confirmed that its members plan to make two more rate hikes by 50 basis points at a time each summer.
The pace at which the Fed is tightening its policy to tackle the inflation rally to a 40-year high has sparked concerns in global markets about the resilience of the US economy, with several analysts even warning of the risk of recession.
On the board, the Japanese Nikkei 225 recorded small losses of 0.3% at 26,604.84 points.
In Hong Kong, the Hang Seng Index fell 0.9%, while in mainland China the Shanghai Composite strengthened by 0.5%.
South Korea’s Kospi lost 0.4% after the Bank of Korea decided to raise its seven-day repurchase rate by 25 basis points to 1.75%. This was the fifth increase since August 2021.
The S & P / ASX 200 in Australia is down 0.5%, while the indices in New Zealand and Taiwan are losing 0.6% and 0.8% respectively.
Wall Street closed with a positive signal on Wednesday after the minutes, with the S&P 500 gaining 0.9% and the industrial Dow Jones strengthening 0.6%. The technology Nasdaq jumped 1.5%.
Source: Capital
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