Asia mixed amid data, RBA rates decision

Tuesday, 05. July 2022 07:09

Major stock markets in Asia-Pacific traded mixed during the Tuesday session as investors digested the latest data reports. Both China and Japan’s service activity expanded in the month of June. Meanwhile, The Reserve Bank of Australia (RBA) revealed its decision to raise interest rates by 50 basis points, for the third time in a row, in order to fight high inflation levels.

In mainland China, the Shanghai Composite fell 0.13% at 7:05 am CET, with the Shenzhen Composite declining 0.62% a minute later. At 7:06 am CET, South Korea's Kospi Composite jumped 1.53%, while Hong Kong's Hang Seng gained 0.50%, at 7:07 am CET.

At the same time Japan's Nikkei 225 increased 1.00%, while the Australian S&P 200 rose 0.63% at 7:08 am CET. The dollar was 0.44% up against the yen at 7:09 am CET, selling for 136.29900.

Related Links: 
Author:
Baha Breaking News (BBN) / AY