Asia Stocks Drop on U.S. Fed Policy Outlook, Middle-East Tension
Thursday, 12 April 2018 15:34 WIB | MARKET UPDATE |MSCI Asia PacificSaham Asia Indeks MSCI Asia Pasifik

Asian equities fell for the first time in four days amid caution over the U.S. Federal Reserve's policy outlook and tensions in the Middle East.

The MSCI Asia Pacific Index fell 0.4 percent to 173.84 as of 4:19 p.m. in Hong Kong. A gauge of industrial stocks lead the decline, while energy companies extended gains with rising crude oil. The S&P 500 Index retreated overnight amid provocative comments by President Donald Trump about Russia and his warning of preparations to attack Syria.

Fed officials leaned toward a slightly faster pace of tightening at their March meeting as their growth outlook and confidence in hitting their inflation target strengthened, minutes showed.

Taiex -0.2%, Kospi index -0.1%, and Kospi 200 index +0.1%.

S&P/ASX 200 -0.2%, New Zealand™s S&P/NZX 50  -0.6%.

India™s S&P BSE Sensex Index +0.6%, NSE Nifty 50 Index +0.4%, NSE Nifty 50 futures +0.3%

Straits Times Index -0.3%, Malaysia™s KLCI -0.2%, Philippines Stock Exchange PSEi Index +1.3%, Jakarta Composite -1%, Thailand™s SET Index +0.2%, Vietnam™s VN Index +0.5%.

Source: Bloomberg


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