TELETRADER News
7/29, 4:41 AM (Source: TeleTrader)
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Asia-Pacific trades higher after US Fed remarks

Major stock markets in the Asia-Pacific region traded higher on Thursday after the United States Federal Reserve projected the previously imposed measures to combat the crisis caused by the COVID-19 pandemic made it possible for the economy to endure new virus-related pressures. Meanwhile, China's new ambassador to the US, Qin Gang, noted a great potential for Washington and Beijing to restore their bilateral relations.

The Nikkei 225 rose by 0.43% at 4:37 am CET, while the dollar lost 0.13% to the yen to sell for ¥109.7810. At the same time, South Korea's Kospi stood flat. Australia's S&P/ASX went up by 0.39% at 4:39 am CET.

In mainland China, the Shanghai Composite increased by 0.95% at 4:25 am CET. The Shenzhen Composite surged by 1.80% at the same moment. Hong Kong's Hang Seng rocketed by 2.38% at 4:39 am CET.

Breaking the News / JR