Shares in Asia-Pacific were mixed in Thursday morning trade following the U.S. Federal Reserve’s widely expected decision overnight to hike rates by half a a percentage point — its biggest increase in two decades.
Hong Kong’s Hang Seng index led gains regionally, rising 1.17% as shares of Alibaba surged 3.06%.
Mainland Chinese stocks were mixed as they returned to trade following days of holidays. In Thursday morning trade, the Shanghai composite gained 0.51% while the Shenzhen component shed 0.51%.
China’s services sector activity shrunk further in April, a private sector survey showed Thursday. The Caixin services Purchasing Managers’ Index (PMI) declined to 36.2 for April, lower than March’s reading of 42.
China’s services sector activity shrunk further in April, a private sector survey showed Thursday. The Caixin services Purchasing Managers’ Index (PMI) declined to 36.2 for April, lower than March’s reading of 42.
