Asia bags close mixed, after falling on Powell’s Wall Street

by Andrea
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As Asian bags They closed without a single direction on Wednesday (24), after Wall Street falls yesterday in reaction to a speech by Federal Reserve President Jerome Powell, that stock prices are “highly valued”.

In the return of a holiday in Japan, the Nikkei index rose 0.30% in Tokyo, to the new record level of 45,630.31 points, while South Korean Kospi fell 0.40% in Seoul, to 3,472.14 points, Hang Seng advanced 1.37% in Hong Kong, at 26,518.65 points, and Taiex retreated 0.19% in Taiwan, at 26,196.73 points.

In mainland China, the day was gains, 0.83% of compound Shanghai, to 3,853.64 points, and 1.56% of the least compound Shenzhen, at 2,505.51 points.

In Oceania, the Australian bag was in the red after three positive sessions. The S&P/ASX 200 registered a 0.92% drop in Sydney, to 8,764.50 points.

The mixed behavior in the Asia and Pacific region came after the Powell’s wake, interrupting a sequence of three trading sessions of historical maxims.

The president of the Fed also adopted cautious tone about the possibility of new interest cuts, as the US labor market has been showing signs of weakness, while inflation remains high.

Last week, the first rate reduction this year.

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