Asia stocks edge down on Fed minutes

Asia stocks edge down on Fed minutes

On Thursday, most Asian stock markets went down following minutes from the Fed’s last meeting, which revealed a lack of consensus on the future pace of American interest rate hikes, while crude prices tacked on following yesterday’s steep dip.

Outside Japan MSCI's broadest index of Asia-Pacific shares headed south 0.2%. Japan's Nikkei went down 0.3% as a stronger yen affected the outlook for export earnings.

South Korea's KOSPI decreased 0.2%, while Australian stocks slumped 0.3%.

Meanwhile, China's blue chip CSI 300 index showed a 0.2% sink, while Hong Kong's Hang Seng lost 0.1%.

This week trading in Asia has been impacted by tensions on the Korean peninsula. North Korea dared to fire a missile. As US officials state, it happened to be an intercontinental ballistic missile. It fell into Japanese waters.

On Wednesday, the United States told it was ready to employ force if required to stop North Korea's nuclear missile program, though added it preferred global diplomatic action versus Pyongyang.



Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

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