Asia trades mixed with all eyes on China’s Two Sessions
Shares on major stock markets in the Asia-Pacific region were mixed on Friday as the Chinese National People’s Congress held the so-called “Two Sessions” annual parliamentary meeting. China’s State Council Premier Li Keqiang noted that the country has set a GDP growth target at over 6% for 2021, aiming to bring the inflation rate up to around 3% this year.
Meanwhile, Bank of Japan Governor Haruhiko Kuroda unveiled that the central bank is weighing on adjusting its monetary policy amid a “very high uncertainty over the pandemic” and the need to “keep the yield curve stably low.”
The Nikkei 225 in Tokyo closed the session trading 0.23% lower, while the Kospi slid 0.43% at 7:23 am CET. Chinese markets were mostly higher as the Hang Seng stood flat at 7:24 am CET, while the Shanghai Composite and the Shenzhen Composite gained 0.24% and 0.35% a minute later, respectively. The S&P/ASX 200 in Australia sank 0.74% at the closing bell. The dollar added 0.23% to change hands at ¥108.1370 at 7:26 am CET.
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