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Asian shares mixed with all eyes on the European Central Bank

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Investing.com -

Investing.com - Asian sahres were mixed on Thursday as investors took a wait-and-see approach before the European Central Bank makes its expected announcement on policy later in the global trading day.

Japan's Nikkei 225 rose 0.05%, while China's Shanghai Composite was down 0.4%, the Hang Seng index edged 0.21% lower and South Korea's benchmark KOSPI was 0.7% stronger.

The Nikkei is currently on its hottest buying streak of the year, rising in 10 of the last 11 sessions and gaining over 7.3% in the process.

HSBC China May Services PMI data, published during the Asia morning trading session, came in at 50.7, somewhat lower than April's 51.4, but did not appear to have a meaningful impact on markets.

At the close of U.S. trade on Wednesday, the Dow 30 rose 0.09%, the S&P 500 index gained 0.19%, while the NASDAQ Composite index climbed 0.36%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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