Asia markets were mixed on Thursday on the back of U.S. Federal Reserve Chairman Jerome Powell's comments on inflation after the central bank decided to increase interest rates.
The Nikkei 225 in Japan recovered from its earlier slip to trade higher by 0.14 percent in the morning, with the shipping industry seeing gains of 0.77 percent. In South Korea, the Kospi saw greater gains, advancing 0.56 percent after returning from a public holiday period.
Down Under, the ASX 200 fell into negative territory after trading largely flat earlier in the morning, with Commonwealth Bank of Australia slipping by 0.13 percent after losing its earlier gains.
In the Greater China region, Hong Kong's Hang Seng index traded slightly lower. The Hong Kong stock exchange saw yet another high-profile listing today with the public debut of investment bank China Renaissance. The shares, which had an offer price of 31.8 Hong Kong dollars per share, slipped to 26.5 Hong Kong dollars per share in the morning.
Source: CNBC
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