Most Asian stocks trade lower after Japan data

Friday, 30. July 2021 04:33

Equities on the Asian markets traded mostly lower on Friday as investors reacted to the economic data coming out of Japan. Released by the country's Ministry of Economy, Trade, and Industry (METI), both the industrial production and the retail sales increased in June, rising by 6.2% and 3.1% on a monthly basis respectively, with the retail sales going under expectations year-on-year, despite marking a slight improvement compared to last month's data. In the meantime, the rate of unemployment for the entire country went down by 0.1% when compared to the result seen in May.

In mainland China, the Shanghai Composite traded 0.61% lower at 4:29 am CET, with the Shenzhen Composite losing 0.89% a minute later. At 4:30 am CET, Japan's Nikkei 225 fell by 1.34%, Hong Kong's Hang Seng decreased by 0.65% and South Korea's Kospi went 0.75% down.

The Australian S&P/ASX 200 added 0.11%, as the dollar went 0.01% up against the yen, going for ¥109.4850 at 4:33 am CET.

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Breaking the News / NL