Asian Equities Lower with Eyes on Yellen

Asian equity markets were mostly lower on Thursday, after a choppy session on Wall Street and before U.S. Federal Reserve’s chair Janet Yellen’s Senate testimony later in the day.

In the U.S. overnight, the blue-chip Dow finished 0.2 percent higher, while the S&P 500 and the Nasdaq also squeezed out small gains, with the latter briefly hitting a 14-year high.

Mainland shares snapped a four-day losing streak, breaking into positive territory early Thursday. The benchmark Shanghai Composite index has been in the doldrums as of late, after last week’s dismal preliminary manufacturing data and concerns over its property sector.


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