Mixed performance for the Asian stock exchanges, with the Nikkei 225 index of the Tokyo stock exchange closing up by 0.67% at around 29,499 points.
It should be noted that today the central bank of South Korea raised its reference interest rates by 0.25% to 1%, as expected, to cope with the increase in inflationary pressures. In October, the country’s inflation as measured by the consumer price index rose 3.2% year-on-year, reporting the strongest y / y gain since January 2012. The Seoul stock exchange fell by 0, 35%.
The Hang Seng index of the Hong Kong stock exchange is up by just 0.10%. In the spotlight the jump of more than + 18% in the stock of the real estate developer Kaisa, which returned to trading on the stock exchange. The group announced an offer to offer holders of its bonds new extended-maturity bonds, in place of those held. Sydney Stock Exchange up 0.11%, Shanghai Stock Exchange -0.24%.
The minutes relating to the last meeting of the FOMC, the monetary policy arm of the Fed, were released yesterday on Wall Street: from the minutes it emerged that the US central bank is ready to “adjust the purchase of assets (therefore the reduction in purchases that is already happening currently with taapering) and to raise rates earlier than expected, in the event that inflation continues to rise at a higher rate than levels consistent with the Commission’s objectives “.