Asian Stocks Mixed

Beijing, Asian stock markets were mixed Thursday after the Federal Reserve indicated it might ease off economic stimulus earlier than previously thought.

The Nikkei 225 in Tokyo lost 1.1% to 28,958.46 while the Shanghai Composite Index rose 0.2% to 3,524.31. Hong Kong's Hang Seng added 0.3% to 28,516.97.

The Kospi in Seoul sank 0.4% to 3,264.14 and India's Sensex opened down 0.2% at 52,398.65.

Australia's S&P-ASX 200 shed 0.4% to 7,370.20 after the government reported employment rose by 115,200 in May, up 8.1% from its low a year earlier.

New Zealand and Jakarta declined while Singapore and Bangkok advanced, the Associated Press reported.

In energy markets, benchmark U.S. crude lost 41 cents to $71.74 in electronic trading on the New York Mercantile Exchange. The contract rose 3 cents on Wednesday to $72.15. Brent crude, the price basis for international oils, shed 43 cents to $73.96 per barrel in London. It gained 40 cents the previous session to $74.39.

The dollar gained to 110.67 Japanese yen from Wednesday's 110.50 yen. The euro fell to $1.1999 from $1.2016.

Source: Saudi Press Agency