Sunset landscape with light trails passing through an intersection in Seoul Gangnam central business district in Seoul city, South Korea
Mongkol Joo Won | Moment | Getty Images
Asia-Pacific markets traded mixed on Thursday as investors assessed the Bank of Korea’s latest policy decisions.
The recent depreciation of the won has narrowed the room for policy easing, and the South Korean central bank kept its base interest rate unchanged at 2.50%, as expected by Reuters.
The country’s benchmark Kospi rose 1.58% to a record high of 4,797.55, while the small-cap Kosdaq rose 0.95% to close at 951.16. The Korean won fell by about 0.2% against the dollar to 1,466.6 won.
of Nikkei Stock Average fell 0.42% to 54,110.5, while Topix rose 0.68% to 3,668.98. Australia’s S&P/ASX 200 index rose 0.47% to 8,861.7.
shares of Toyota Industries It has since increased by 5.8%. toyota motors announced late Wednesday that it had agreed to increase its acquisition price to Toyota Industries to 18,800 yen ($118.11) per share.
hong kong Hang Seng Index fell by 0.66%, and CSI300 fell by 0.42%.
Shares in Trip.com fell as much as 21%, making it the worst gainer in Hong Kong’s index, after China’s market regulator said on Wednesday it had opened an investigation into the online travel platform for alleged monopolistic practices. The company’s stock was last traded down 17.2%.
The Japanese yen rose slightly against the dollar to 158.34 yen. Markets are focused on possible intervention by Japanese authorities after the currency fell to an 18-month low earlier this week.
Indian markets were closed due to the holiday.
U.S. stocks fell for a second time overnight, further retreating from record levels, as traders digested fresh gains and monitored geopolitical developments.
of S&P500 It fell 0.53% to close at 6,926.60. of Dow Jones Industrial Average It lost 42.36 points (0.09%) and finished at 49,149.63. of Nasdaq Composite It fell 1% to settle at 23,471.75. All three indexes fell for the second consecutive day.
Technology has brought the entire market to a standstill. Chip stocks in particular suffered losses. broadcom fell 4%, Nvidia and micron technology Each fell more than 1%. Reuters reported on Wednesday that Chinese customs authorities had told customs officials that Nvidia’s H200 chips were not allowed into the country, citing people briefed on the matter.
—CNBC’s Sean Conlon and Pia Singh contributed to this report.
