Asian stock markets broadly advanced on Thursday as currencies rose following Federal Reserve chairman Jerome Powell mention that the US central bank might soon shift its focus from taming inflation to curbing the economic slowdown.
A benchmark of Asian stocks climbed roughly 0.7%, with technology-heavy bourses the best performers for the day, led by the Taiwan Weighted Index and South Korea’s Kospi Index.
While Tokyo’s key index closed higher, the Stock Exchange of Thailand (SET) slipped in afternoon trade following an uptick in the morning session. The Hong Kong bourse also finished lower on Thursday after a late sell-off.
The…
