Stability and volatility in Asian equities over the weekend
Asian stocks were stable and volatile at the end of the week as investors were cautious about the performance of the Republican Party after the Republican Party introduced amendments to the US tax code, raising concerns about extending the approval period.
On the other hand, the markets generally welcomed the decision by US President Trump to appoint Jerome Powell as president of the Federal Reserve, replacing Janet Yellen, a candidate with moderate monetary policies, which helped stabilize the stock markets in general.
Chinese equities advanced today as the CSI 300 index gained 0.03% to hit 1.23 points and hit 3,998.36. The Shanghai index fell 0.12% to lose 4.12 points to 3,379.19 points.
Hong Kong's Hang Seng Index gained 0.26% to 74.69 points, reaching 28,593.33. South Korea's Kospi Index fell 0.03% to 0.66 points to 2,545.70.
New Zealand's NZX 50 index shed 0.17% to cut 14.09 points to 8,068.97. On the other hand, Australia's S & P / ASX 200 index gained 0.54% to gain 32.09 points and reach 5,963.80
img credz: pixabay.com
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