Asian markets trade mixed as Australia hikes rates

Tuesday, 07. February 2023 07:25

Major stock markets across the Asia-Pacific region traded mixed deep into Tuesday's session as investors digested the Reserve Bank of Australia's decision to increase its key rates by the expected quarter point. In China, tech giant Baidu also confirmed making an artificial intelligence chatbot, set to be unveiled in March. Tokyo reportedly prepared to nominate new Bank of Japan executives next week, and SoftBank Group published its latest earnings results.

The Nikkei 225 closed flat, while the S&P/ASX 200 lost 0.46% at its closing bell. In mainland China, both the Shanghai Composite and the Shenzhen Composite traded flat at 7:07 am CET. On the other hand, the Hang Seng gained 0.45% and the Kospi Composite rose 0.51% at 7:23 am CET. The dollar fell 0.35% against the yen to trade for 132.1420, hovering around a level from a month ago.

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