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Asia Pacific Stocks Up as Investors Await Fed Rate Decision; Samsung Electronics Earnings Miss Expectations


Wednesday, 29 April 2020 08:40 WIB

Saham Asia Indeks MSCI Asia Pasifik


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Stocks in Asia Pacific rose in morning trade as investors await the U.S. Federal Reserve’s decision on interest rates, expected later on Wednesday stateside.

South Korea’s Kospi gained 0.12% in early trade. Over in Australia, the S&P/ASX 200 rose 0.4% as shares of major banks such as Commonwealth Bank of Australia and Westpac advanced.

Overall, the MSCI Asia ex-Japan index traded 0.21% higher.

On the corporate earnings front, South Korea’s Samsung Electronics posted a first quarter net profit of 4.9 trillion Korean won (approx. $4.01 billion), Reuters reported Wednesday. Still, that was below Refinitiv estimates of 5.1 trillion won.

Source :  CNBC


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