Asia opens mostly mixed

Economies.com
2021-01-19 04:19AM UTC

Asian stock indices opened mixed but mostly higher, with Japan, Australia, Hong Kong, and South Korea higher, while China and New Zealand lost ground, following earlier New Zealand data while markets price in the efficacy of Covid vaccines.  

 

From New Zealand, the business confidence index fell to 6 from 40.

 

The World Health Organization warned of a catastrophic moral failure due to unfair distribution for the coronavirus vaccine. 

 

US while former Fed Chair and Treasury secretary candidate Janet Yellen will testify ahead of the Financial Committee in the Senate, expected to urge the government for acting strongly with the launch of the new stimulus plans to boost the economy. 

 

Yellen is expected to say the US doesn't aim to weaken the dollar for competitive reasons in response to accusations from China and other powers. 

 

Japan's TOPEX rose 0.54%, while Nikkei 225 rose 1.21% to 28,584. 

 

China's CSI 300 shed 0.30%, while Shanghai declined 0.11% to 3,592. 

 

Hong Kong's Hang Seng rose 2.19% to 29,494, while South Korea's KOSPI rose 2.24% to 3,081. 

 

New Zealand's NZX 50 fell 0.17% to 12,817, while Australia's S&P/ASX 200 rose 1.16% to 6,740. 

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