Asian shares climb higher after Wall Street close in record high as investors digest Fed minutes

Asian shares

Most Asian markets started the session in positive positions after Wall Street ended at record levels following the latest minutes from the Federal Reserve. While, the Dollar remained at the back end.

Japan’s Nikkei 225 was up by 0.45 percent, extending its gains after finishing the previous session at its peak levels. Softbank Group contributed broader gains on the index, as the company’s stock surged by 3.96 percent.

Korea’s Kospi was up by 0.11 percent as its gains in manufacturing stocks were offset by moderating declines in blue-chip exporters.

In other parts of the Asian market, the Australian S&P/ASX 200 was up as a fall in major mining stocks which offset gains seen in other sectors. Miners lost their ground after iron ore prices sank overnight.

Hong Kong’s Hang Seng index was down by 0.2 percent while on the mainland, the Shanghai Composite was also found bearish with a decrease of 0.02 percent and the Shenzhen Composite slipped 0.114 percent.

The Japanese Financials highlighted by the IMF traded slightly lower on the day and SMFG and Mizuho reversed early gains to slide at 0.32 percent and 03 percent respectively.

On Wall Street, major Indexes closed at record level as investors contemplated the minutes of the Fed meeting. The Dow Jones industrial average was up by 0.18 percent and was found at 42.21 points, to end the session at a record of 22,872.89.


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