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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


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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