Asian markets higher after tariff delay, China data

Wednesday, 14. August 2019 04:34

Asian markets traded higher on Wednesday after the United States announced a postponement in the implementation of tariffs on some Chinese goods. Investors also kept an eye on China's retail sales and industrial production data that missed the expectations. China's National Bureau of Statistics, however, said that the country's economic growth is generally stable despite weakest industrial production growth in 17 years. The Bureau said that slowing down of retail sales growth in July is the result of weaker auto sales.

China's Shanghai Composite was up 0.77% at 4:27 am CET. Shenzhen Composite also traded 1.30% higher at the same time.

Hong Kong's Hang Seng traded 0.44% higher at 4:30 am CET.

South Korean Kospi Composite was also up 1.06% at 4:28 am CET.

Japanese Nikkei 225 was up 0.62% at 4:30 am CET. The dollar traded 0.42% lower against the yen, to go for 106.3025 at 4:29 am CET.

Australia's S&P/ASX 200 went up 0.08% at 4:31 am CET.

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Breaking the News / KP