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Writer's pictureBy The Financial District

Asian Shares Mixed As Japan’s Nikkei 225 Hits New High

Shares were mixed in Asia, while Tokyo’s Nikkei 225 index closed at another record high Wednesday as investors awaited further comments by Federal Reserve Chair Jerome Powell before Congress, Elaine Kurtenbach reported for the Associated Press (AP).


The Japanese benchmark gained 0.6% to end trading at 41,831.99. I Photo: Kakidai Wikimedia Commons



The Japanese benchmark gained 0.6% to end trading at 41,831.99. It also had a record close on Tuesday and hit an all-time high of 41,889.16 during the day on Wednesday. The Nikkei 225 has advanced nearly 30% in the past year and is up 5% in the past three months.


In Hong Kong, the Hang Seng index slipped 0.2% to 17,484.85, while the Shanghai Composite index gave up 0.6% to 2,940.88.



China reported that its consumer price index slipped to 0.2% in June from 0.3% in May, below expectations largely due to declines in prices for foods other than pork. In Hong Kong, the Hang Seng index slipped 0.2% to 17,484.85, while the Shanghai Composite index gave up 0.6% to 2,940.88.


Australia’s S&P/ASX 200 was 0.2% lower, at 7,816.80. In Seoul, the Kospi was nearly unchanged at 2,867.99. Taiwan’s Taiex gained 0.5% while India’s Sensex lost 0.7%.



On Tuesday, the S&P 500 and Nasdaq composite each rose 0.1%, enough to bump up the indexes to all-time highs for the second time this week. All told, the S&P 500 rose 4.13 points to 5,576.98.


The Nasdaq added 25.55 points to close at 18,429.29. The Dow fell 0.1% to 39,291.97.




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