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Asian stocks are mixed as markets look ahead to key risk events
On Wednesday, Asian stocks were mixed, with a ECB review , testimony by sacked FBI chief James Comey, to say nothing of the UK election – all of this generating potential market risks.
Japan's Nikkei 225 declined 0.22%. As for South Korea's Kospi, it slumped 0.60% after a public holiday.
The S&P/ASX 200 managed to reverse earlier profits to sag 0.18%
Hong Kong's Hang Seng Index jumped 0.15%, the Shanghai Composite descended 0.22%.
Overnight, American shares closed lower for the second straight day. It’s because traders ditched risk assets, opting for safe havens ahead of major events later this week, which could provoke turmoil in financial markets.
Uncertainty over the result of the British election as well as Comey’s testimony to the Senate later this week, suppressed demand for riskier assets. It’s because demand for safe havens grew, including the Japanese yen, gold and American treasuries.
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