Hong Kong Jumps More Than 1% as Major Asia-Pacific Markets Mostly Rise

Zhang Wei | China News Service via Getty Images
  • Stocks in Asia-Pacific mostly rose on Thursday after the S&P 500 nudged higher to a record closing high overnight.
  • Overnight, the U.S. Federal Reserve released minutes from its March meeting during which it kept its accommodative policy in place.

SINGAPORE — Stocks in Asia-Pacific mostly rose on Thursday after the S&P 500 nudged higher to a record closing high overnight.

Hong Kong's Hang Seng index led gains among the region's major markets, rising 1.16% to close at 29,008.07.

Shares in Australia closed higher as the S&P/ASX 200 gained 1.02% to 6,998.80.

Mainland Chinese markets nudged higher on the day. The Shanghai composite rose fractionally to 3,482.55 while the Shenzhen component advanced slightly to 13,989.94.

Elsewhere, the Nikkei 225 in Japan slipped less than 0.1% to close at 29,708.98 while the Topix index finished its trading day 0.79% lower at 1,951.86. South Korea's Kospi closed 0.19% higher at 3,143.26.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.46%.

Overnight stateside, the S&P 500 rose 0.15% to a new closing high of 4,079.95. The Dow Jones Industrial Average edged 16.02 points higher to finish its trading day at 33,446.26 while the Nasdaq Composite closed about 0.1% lower at 13,688.84.

The moves on Wall Street came as the U.S. Federal Reserve released minutes from its March meeting during which it kept its accommodative policy in place. The meeting summary indicated that while officials saw the economy was gaining considerably, they see much more progress needed before ultra-easy policy changes.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.3 following its decline earlier in the week from above 92.8.

The Japanese yen traded at 109.47 per dollar, stronger than levels above 110.5 against the greenback seen early this week. The Australian dollar changed hands at $0.7627, having seen an earlier low of $0.76.

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 0.32% to $62.96 per barrel. U.S. crude futures also dipped 0.52% to $59.46 per barrel.

— CNBC's Jeff Cox contributed to this report.

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