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Asia Shares Mixed After Fed Rate Rise; Korea Gains After Holiday


Thursday, 27 September 2018 10:52 WIB

MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik


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Asia shares swung between gains and losses as investors weighed the ongoing risk of a trade dispute between China and the U.S. and the Federal Reserve's decision to raise rates and flag another hike before the end of the year.

The MSCI AC Asia Pacific Index gained 0.1 percent as of 11:06 a.m. in Hong Kong. Korea's Kospi rose to a three-month high in its first trading session of the week. Hong Kong pared earlier gains after HSBC raised the city's lending rate for the first time in 12 years.

Tension between the world’s two biggest economies are showing no sign of easing, as U.S. President Donald Trump said he and Chinese President Xi Jinping might not be friends anymore, after accusing Beijing of trying to interfere in congressional elections in November. The Federal Reserve raised interest rates as expected and reaffirmed a strong economy will probably warrant further increases into 2019.

South Korea's Kospi index up 0.6%; Kospi 200 up 0.5%, Australia's S&P/ASX 200 little changed; New Zealand's S&P/NZX 50 down 0.5%.

Singapore's Straits Times Index up 0.6%; Malaysia's KLCI little changed; Philippine Stock Exchange down 0.4%; Indonesia's JCI up 0.8%; Vietnam's VN-Index up 0.4%.

Source: Bloomberg


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