Asia shares mixed on weaker US dollar
Tokyo, Japan (BBN)-Asian shares started the week mostly higher on Monday, following Wall Street’s gains after the US Federal Reserve’s new guidance on interest rates and a weaker dollar.
The dollar’s strength pulled back after the Fed on Wednesday vowed a cautious approach to lifting interest rates, reports BBC.
In Japan, the benchmark Nikkei 225 index was up 0.8% to 19,721.15.
The dollar was at 120.01 yen, down from 120.11 yen in New York on Friday.
Australian shares headed lower, but the country’s benchmark index was testing the 6,000 level last touched more than seven years ago.
The S&P/ASX 200 was down 0.3% to 5,956.8.
In South Korea, the Kospi index was down 0.2% to 2,032.58 points.
BBN/SK/AD-23Mar15-10:30am (BST)