Asian stocks are mixed with slumping Tokyo and Shanghai

Asian stocks are mixed with slumping Tokyo and Shanghai

On Friday, Asian markets offered quite mixed performance, pointing mostly higher,  although Shanghai and Tokyo went down because commodity-dependent stocks declined on a stronger greenback that makes imports priced in the US currency less affordable.

Japan's Nikkei 225 sagged 0.19%.

South Korea's Kospi managed to earn 0.77%. Australia’s S&P/ASX 200 lost 0.70%. As for the Hang Seng Index in Hong Kong, it was intact, while the Shanghai Composite headed south 0.2%.

Overnight, American shares demonstrated records peaks because market participants appreciated the publication of better than expected initial jobless claims reports, while the Fed minutes kept driving market sentiment amid a dent in hopes that the major US bank would lift rates for a total of three times this year.

The American economy kept showing signs of a rebound in the second quarter, right after initial jobless claims inched up less than expected.



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