Asia mixed as S.Korea reveals support package
Major stock exchanges in the Asia-Pacific region traded mixed on Wednesday after several data was reported. South Korea’s President Moon Jae-in revealed the government is planning to roll out additional measures to support domestic demand amid the COVID-19 crisis. The support is set to be worth 17.7 trillion won ($14.49 billion). Also, Japan’s trade surplus amounted to ¥1.36 trillion ($12.5 billion) in February, the country’s Ministry of Finance reported. However, Goldman Sachs said it expects the Japanese gross domestic product (GDP) to drop by 25% in the second quarter compared to the previous three-month period.
The Nikkei 225 index inclined by 2.33% at 7:30 am CET. The Shanghai Composite lost 0.06% at the same time and the Shenzhen Composite Index was 0.49% down at 7:31 am CET, while the Hang Seng decreased by 0.74% at the same time. The Kospi grew by 0.61% at 7:31 am CET. The S&P/ASX 200 in Australia rose 0.58% at the closing bell.
The dollar went up by 0.15% compared to the yen, going for 108.9330 at 7:32 am CET.
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