Asian stocks are mixed

Asian stocks are mixed

On Thursday, Asian shares were mixed, with Tokyo down on a strong yen as well as Shanghai gaining on solid trade figures.

The benchmark Nikkei 225 headed south 1.12% with key exporters weaker as the greenback fetched about 108.85 yen, and the Japanese currency rising from levels over 111 reached earlier in the week.

The Shanghai composite rallied 0.12%, the Hang Seng index dropped by 0.09%.

In Australia, the ASX 200 sank 0.85%, with Rio Tinto sliding 4.73%. Meanwhile, Fortescue sagged by 6.86% as well as BHP Billiton dipped by 4.3%.

In Australia, jobs data demonstrated a soar in the employment change figure for March, hitting 60,900 employees compared to a revenue of 20,000 observed, under a steady unemployment rate of 5.9%.

Overnight, American shares closed lower because geopolitical worries drove the risk-off sentiment for a second straight session, while Trump’s comments rattled the greenback.

The Dow Jones Industrial Average slumped 0.29%, hitting 20,591. The S&P 500 sank 0.38%, the Nasdaq Composite edged down by 0.52%, hitting 5836.16.

 

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