Thursday 19 May 2016

Asia markets waver on hawkish Fed comments; Nikkei flat

Epic Research Update : Asian MarketsAsia markets wavered between positive and negative on Friday, in a muted reaction to a fresh stream of hawkish commentary from US Federal Reserve officials.

Japan's benchmark Nikkei 225 index edged up 0.14 percent and the yen strengthened a bit against the US dollar, possibly in a risk-off shift toward the safe-haven currency. The dollar-yen pair was at 110.06 at 8:53 a.m. SIN/HK, compared with levels as high as 110.34 Thursday.

Australia's S&P/ASX 200 index was up 0.24 percent as the energy sector recovered some recent losses, with the subinex up 2.04 percent. South Korea's Kospi inched up 0.21 percent.

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