Asian indexes mixed in choppy trading, echoing Wall Street
ABC News
Asian shares are mixed in choppy trading, as inflation worries and the war in Ukraine had investors partly optimistic while staying cautious
TOKYO -- Asian shares were mixed in choppy trading Thursday, as inflation worries and the war in Ukraine had investors partly optimistic while staying cautious.
Benchmarks rose in Japan, South Korea and Australia, boosted by the overnight rally in Europe and in the Dow in the U.S. Investors were also watching South Korean trade numbers for April, which showed a trade deficit, although both imports and exports rose.
Chinese President Xi Jinping was speaking at a forum where Asian leaders talk about policy. Investors are watching to see if Xi will give any hint on changes to China's COVID policies, according to Iris Pang, chief economist at ING.
What central banks may indicate on interest rates and inflation was also of concern, analysts said.
