The major Asia-Pacific shares are expected to open higher on Monday, following Friday’s Wall Street performance. The price action could be muted, however, due to uncertainty ahead of the start of a two-day Federal Reserve monetary policy agreement. ทางเข้าjoker123
U.S. stocks closed modestly higher at the end of a listless week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.
A broad gauge of Asian shares rose on Friday as investors looked past rising U.S. consumer prices and focused on one off-factors which suggested higher inflation could be short-lived.
Cash Market Performance
In the cash market on Friday, Japan’s Nikkei 225 Index settled at 28948.75, down 9.83 or -0.03%. Hong Kong’s Hang Seng Index finished at 28842.13, up 103.25 or +0.36% and South Korea’s KOSPI Index closed on 3249.32, up 24.68 or +0.77%.
In China, the benchmark Shanghai Index settled at 3589.75, down 21.11 or -0.58% and in Australia, the S&P/ASX 200 Index finished at 7312.30, up 9.80 or +0.13%.
Japanese Shares End Lower as Cyclical Stocks Drag; Toshiba Slips
Japanese shares ended marginally lower on Friday as losses in cyclical stocks, as well as banks and property firms, offset gains in heavyweight technical firms.
Toshiba Corp shed 1.59% after an explosive investigation released on Thursday found the company and the government colluded to lean on foreign investors to fall in line with management’s wishes.
Some market participants doubt Japan’s economy will recover as quickly as that of the United States and other advanced nations, as the country grapples with a fourth wave of the pandemic.