Asia stocks decline The official Saudi Press Agency

Asia stocks decline The official Saudi Press Agency

Beijing, April 13, 2023, SPA -- Asian stock markets declined Thursday after the Federal Reserve said its economists expect a “mild recession” this year, the Associated Press reported.

Shanghai, Hong Kong, Seoul and Sydney retreated. Tokyo advanced. Oil prices fell.

The Shanghai Composite Index lost 0.4% to 3,312.79 while the Nikkei 225 in Tokyo added 0.2% to 28,140.27. The Hang Seng in Hong Kong retreated 0.7% to 20,160.84.

The Kospi in Seoul gave up 0.1% to 2,548.61 while Sydney's S&P/ASX fell 0.4% to 7,313.90.

In energy markets, benchmark US crude lost 32 cents to $82.94 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.73 on Wednesday to $83.26. Brent crude, the price basis for international oil trading, shed 40 cents to $86.93 per barrel in London. It advanced $1.72 the previous session to $87.33.

The dollar gained to 133.35 yen from Wednesday's 133.19 yen. The dollar declined to $1.0986 from $1.0995.

--SPA

12:42 LOCAL TIME 09:42 GMT

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