Asian markets trade mixed amid China's fresh inflation data

Tuesday, 15. October 2019 08:01

Asian stocks traded mixed on Tuesday as Japan's Ministry of Economy, Trade and Industry revealed fresh industrial production data that shows a drop of 1.2%. Meanwhile, China's government announced its inflation rate jumped to the highest level since 2013. Trade uncertainty amid negotiations between China and the United States continued as the Chinese Ministry of Commerce of the People's Republic requested an additional round of talks before sealing the first part of the agreement.

The Nikkei 225 increased 1.89% at 7:56 am CET, the Hang Seng slipped 0.22% while the Shanghai Composite dropped 0.60% at the same time. Meanwhile, the Shenzhen Composite surged 1.13 and the Kospi went up 0.05% at 8:00 am CET. S&P/ASX 200 was up 0.17% at 7:29 am CET.

The dollar lost 0.07% against the yen changing hands for 108.3285 at the 7:56 am ET.

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Author:
Breaking the News / GA