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  • Ahmed Saleh

Mixed trend in Asia stocks

Bangkok, February 29, 2024, Shares in Asia showed a mixed trend on Thursday, as reported by the AP. Tokyo's Nikkei 225 index experienced a 0.7% decline, settling at 38,953.49. Meanwhile, Hong Kong's Hang Seng surged by 0.9%, reaching 16,684.19, and the Shanghai Composite index saw a significant jump of 1.5%, closing at 3,002.59.

On the other hand, Korea's Kospi slipped by 0.3%, standing at 2,644.43, while the S&P/ASX 200 edged 0.1% higher, closing at 7,665.50.

In the commodities market, the US benchmark crude oil relinquished 10 cents, reaching $78.44 per barrel in electronic trading on the New York Mercantile Exchange. Similarly, Brent crude, the international standard, dropped 9 cents to $82.06 per barrel.

In currency trading, the US dollar weakened against the Japanese yen, falling to 149.83 from 150.69 yen. Conversely, the euro strengthened, rising to $1.0836 from $1.0834. The mixed performance across different markets indicates ongoing volatility and reflects the diverse economic conditions in the region.

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