Asian stocks trade higher as Chinese inflation rises

Thursday, 09. July 2020 07:19

Markets in the Asia-Pacific region were higher on Thursday after data showed a rise in Chinese inflation in June and China's Foreign Minister Wang Yi commented that Beijing isn't looking to "challenge or replace" the United States in the world order.

Japan's Nikkei 225 was up 0.55% at 7:15 am CET and the dollar traded flat against the yen for 107.2675 at 7:16 am CET.

The Shanghai Composite jumped 1.23% at 7:15 am CET, the Shenzhen Composite surged 2.79% and the Hang Seng gained 0.49%, all at 7:17 am CET.

Meanwhile, South Korean Kospi increased by 0.72% at 7:18 am CET and Australia's S&P/ASX 200 was up 0.92% at the same time.

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Author:
Breaking the News / VP