Asian Equities Mixed as Markets Digest Central Bank Messages

Asian indices painted a mixed trading picture on Monday after a gathering of central bankers underlined the diverging paths of interest rates in the U.S. and other parts of the world.

Wall Street ended mostly lower on Friday, as investors weighed speeches by European Central Bank President (ECB) Mario Draghi and Fed Chair Janet Yellen.

Both central bankers gave the market what was expected: Yellen reiterated that slack remains in the U.S. labor market even as the American economy continues a five-year recovery and Draghi expressed confidence that stimulus already announced and a weaker euro would help the euro-zone economy, but noted the ECB is ready to do more if needed.


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