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.



Asian stocks conclude week on upbeat note

On Friday, Asian equities mostly gained to conclude the trading week on an upbeat note because the Dow along with the S&P 500 had some of their midweek pullback reversed, while remarks from a Federal Reserve representative relived worries of speeding up…


EU shares mostly inch down

On Friday, EU shares mostly traded lower because markets were busy with digesting comments by ECB President Mario Drgahi…

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