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20.06.2014 09:28

Asian Stocks close: stocks traded mixed in the absence of any major economic reports

Asian stock traded mixed in the absence of any major economic reports. Markets were subdued in lacklustre trading. Investors monitor closely events unfolding in Iraq.

The Bank of Japan Governor Haruhiko Kuroda said at the annual meeting of the National Association of Shinkin Banks in Tokyo on Friday that Japan's economy has continued to recover moderately and the easing would continue until the 2% inflation target was reached. He added that the BoJ could make adjustments to hit the 2% target if required.

Mr. Kuroda pointed out the BoJ could introduce additional stimulus measures should Japan's economic activity and prices deviate from the baseline recovery scenario.

Indexes on the close:

Nikkei 225 15,349.42 -11.74 -0.08%

Hang Seng 23,194.06 +26.33 +0.11%

Shanghai Composite 2,026.67 +2.94 +0.15%

HTC Corp. shares rose 2.3% in Taipei after the company's Chief Executive Officer Peter Chou said he is seeing improvement from the second quarter.

Isuzu Motors Ltd. increased 3.6% in Tokyo after JPMorgan Chase & Co. recommended the company's shares.

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