Asian stocks traded mixed Thursday and Treasury yields were little changed after Federal Reserve meeting minutes hinted at an enduringbias for rate hikes. The Australian dollar climbed as jobs data topped estimates.
Japanese and Korean shares slipped while their Australian counterparts fluctuated. The S&P 500 Index closed slightly higher after the Fed was seen remaining patient in its approach to further hikes without ruling them out if economic growth picks up. The yuan built on overnight gains despite some analysts warning that there's little room for it to appreciate much further amid bets the authorities will keep the currency steady. The yen ticked higher, while the dollar was little changed.
The MSCI Asia Pacific Index slid 0.1 percent as of 8:33 a.m. Hong Kong time.
Source : Bloomberg