Asian stocks mixed amid Taiwan tensions

Monday, 08. August 2022 04:24

Major stock markets in Asia-Pacific traded mixed on Monday, as tensions related to Taiwan continued. Earlier, Taiwan's military officials shared that the Chinese People's Liberation Army (PLA) sent 14 navy vessels and 66 aircraft around the island. Meanwhile, Beijing authorities underscored that Taiwan remains China's territory.

On the data front, Japan's trade deficit on the balance of payments (BOP) basis in June came in at ¥1.114 trillion, while China's trade surplus jumped 82% in July. In regard to earnings, SoftBank is set to release its quarterly report later in the day.

In mainland China, both the Shanghai Composite and the Shenzhen Composite were flat at 4:21 am CET. At 4:22 am CET, Hong Kong's Hang Seng lost 0.63%, while South Korea's Kospi Composite added 0.49% a minute later.

At 4:22 am CET Japan's Nikkei 225 increased 1.01%, while the Australian S&P 200 was flat simultaneously. The dollar gained 2.05% against the yen at 4:24 am CET, selling for 135.34200.

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Author:
Baha Breaking News (BBN) / AY