Asian stocks are moving in mixed sign on Thursday in the wake of minutes from a previous meeting of the US Federal Reserve which showed that officials are considering more aggressive action to deal with the inflation rally at the highest level in 40 years.
The minutes of the last meeting of the Federal Reserve, which came to light yesterday, showed that central bank officials assess how “faster” a faster rate of increase in US interest rates may be justified.
Many analysts have revised their estimates for the Fed’s forthcoming interest rate hike in March, citing a 50 basis point increase from 25 basis points. previously expected.
Fed officials reportedly agreed at a January meeting that faster interest rate hikes would be needed “if inflation does not begin to decline.”
On the board, the Japanese Nikkei 225 index fell 0.8% to 27,232.87 points.
Data released today in Japan showed that exports increased by 9.6% year-on-year in January, losing analysts’ estimates.
In Hong Kong the Hang Seng Index recorded small gains of 0.07%, while in mainland China the Shanghai Composite gained 0.06%.
South Korea’s Kospi rose 0.8% after government figures showed the economy added 1.1 million jobs in January and unemployment fell further. The S & P / ASX 200 in Australia recorded small gains of 0.2%, while the indices in Singapore and Indonesia are also moving upwards.
Source: Capital
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