Asian stocks rose broadly on Thursday after the Federal Reserve minutes from the March meeting indicated that officials have little concern over inflation despite rising longer-duration government bond yields.
The Nikkei 225 in Japan slipped less than 0.1% while the Topix index finished its trading day 0.8% lower. Chinese markets moved marginally. South Korea’s Kospi closed 0.2% higher. Hong Kong’s Hang Seng index led gains among the region’s major markets, rising 1.2%.
Oil prices slipped, but were still within a narrow trading range that has held for the last two weeks or so. The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.3 following its decline earlier in the week from above 92.8.