Asian Stocks Closed Mixed on Thursday, Reacting on US Inflation Data.
Pakistan, Thursday, 13 January 2022 -
Asia's stock markets ended the day mostly in the red on Thursday, as US inflation data dampened risk appetite.
With a December reading of 7% compared to the previous year, the US inflation rate reached its highest level since 1982 on Wednesday.
The Asia Dow, which covers the region's blue-chip businesses, closed at 3,906 points, up 14.97 points, or 0.38 percent.
The Nikkei 225 index in Tokyo fell 276.53 points, or roughly 1%, to settle at 28,489.
The Hang Seng, the Hong Kong stock exchange's benchmark for blue-chip stocks, climbed 27.60 points, or 0.11 percent, to 24,429.
On the other hand, the Shanghai stock exchange dropped 42 points, or 1.17 percent, to 3,555.
The Indian Sensex closed at 61,246, up 96.74 points, or 0.16 percent, while the Singapore index advanced 2.32 points, or 0.07 percent, to 3,257.
(Written and edited by: The Decision Maker – Asia team in Pakistan)