Asian markets mostly higher on China, Australia news

Friday, 07. May 2021 07:27

Equities in the Asia-Pacific region traded mostly higher on Friday, following the positive outlooks of Chinese and Australian economies. China reported a trade surplus in April of $42.8 billion, beating analyst's expectations, while earlier today its services activity report showed the sector expanded sharply in the same month. Meanwhile, the Reserve Bank of Australia stated it would not raise its interest until 2024 at the earliest.

The Nikkei 225 increased by 0.16% at 7:22 am CET, and Hang Seng rose by 0.34% at the same time. The Kospi Composite was 0.76% higher at 7:23 am CET, while Australia's S&P/ASX 200 added 0.24% concurrently.

In mainland China, the Shanghai Composite improved 0.18% at 7:09 am CET, while at 7:24 am CET the Shenzhen Composite declined by 0.56%, making it the only index with losses in the trading session.

The dollar stayed flat against the Japanese yen trading for ¥109.0695 at 7:26 am CET.

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Breaking the News / OL