Asia mixed after China inflation data

Monday, 10. August 2020 04:24

Equities on the Asian markets traded mixed on Monday after China's National Bureau of Statistics released its inflation data which saw the country's consumer prices landing above estimates to stand at 2.7% in July on an annual basis.

Meanwhile, the ongoing tensions between the US and Beijing remained a worry for investors after reports suggested ByteDence's TikTok intends to sue the American government over Washington's actions against the app.

In mainland China, the Shenzhen Composite went up by 0.52% at 4:15 am CET, with the Shanghai Composite losing 0.39% a minute later. At 4:21 am CET, Hong Kong's Hang Seng decreased by 0.15%, as South Korea's Kospi added 0.92%. The dollar, fell 0.15% against the yen, going for ¥105.7710 at 04:22 am CET, with the Australian S&P/ASX 200 rising 1.22% at the same time.

Markets in Japan are closed on Monday for a public holiday.

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Breaking the News / NL