6/23, 7:31 AM (Source: TeleTrader)
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Asia mixed following Wall Street losses

Major stock markets in the Asia-Pacific region traded mixed on Thursday, following Wall Street's losses recorded the day before, prompted by the fears of the global recession and discussions about the potential interest rate hikes, as the United States Federal Reserve aims to bring inflation down to its 2% target.

Meanwhile, Japan's Composite Purchasing Managers' Index (PMI) grew by 0.9 points, landing at 53.2 in June, according to a preliminary report. The Nikkei 225 dropped by 0.8% at 7:21 am CET, while South Korea's Kospi sank by 0.65% at the same time. However, the Australian S&P/ASX 200 gained 0.33% at 7:23 am CET.

Hong Kong's Hang Seng jumped by 290 points or 1.39% at 7:23 am CET. The Shanghai Composite was up by 0.66% at 7:14 am CET, while the Shenzhen Composite increased by 1.01% a minute later. The American dollar was 0.57% lower against the Japanese yen, to change hands for ¥135.46800 at 7:26 am CET.

Baha Breaking News (BBN) / AB