Initial Thursday trading on leading Asian markets was mixed following yesterday's positive inflation figures from the US and the decision to keep interest rates unchanged.
In Japan, the Nikkei 225 index was down 0.1 per cent as investors took lunch, while the broader Topix index pointed to a minus 0.6 per cent.
In Hong Kong, the Hang Seng was simultaneously up 0.5 per cent. Shanghai's and Shenzhen's composite indexes both pointed to a minus 0.4 per cent.
More positive tones dominated in South Korea, where the Kospi index was up 1.2 per cent.
Inflation in the US in May was unexpectedly low according to most measures taken by the country's labour department.
However, the global risk appetite was later dampened on Wednesday evening, when the US central bank, the Federal Reserve, announced that interest rates would remain unchanged. The bank hinted simultaneously that there would likely be only one interest rate cut this year – on the other hand, that there could be more cuts than previously announced next year.
