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Japan shares down despite US gains

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Japanese stocks fell on Wednesday despite gains on the US markets following a testimony by Janet Yellen.

The head of the US Federal Reserve said the US economy faced uncertainty, but that a recession was unlikely.

Unimpressed by the gains on Wall Street, Tokyo’s Nikkei 225 index fell by 0.6% to close at 16,065.72 points.

The region’s second largest market, Hong Kong’s Hang Seng, rose 0.7% to 20,807.82.

In mainland China, the Shanghai Composite was 0.5% higher at 2,891.01 points.

In South Korea, the Kospi index rose by 0.4% to finish at 1,992.59.

Australia’s ASX 200 ended the day flat at 5,270.90

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Paul

The author Paul