Asia-Pacific mostly higher with economy in focus

Tuesday, 16. August 2022 07:19

Major stock market indexes in the Asia-Pacific region traded mostly higher on Tuesday amid media reports the Chinese government might order state-run organizations to provide aid for the country's property sector. The traders also digested the People's Bank of China's (PBC) decision to cut its interest rate by 10 basis points to 2.75%. Meanwhile, the United States insisted its congressional visit to Taiwan does not endanger the one-China principle.

Japan's Nikkei 225 stood flat at 7:19 am CET as the dollar gained 0.08% to the yen to sell for ¥133.4285. At the same time, South Korea's Kospi advanced by 0.26%. A minute later, Australia's S&P/ASX 200 rose by 0.48%.

In mainland China, the Shanghai Composite grew by 0.26% at 7:05 am CET. The Shenzhen Composite went up by 0.59% at 7:06 am CET. In Hong Kong, the Hang Seng lost 0.59% at 7:21 am CET.

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Author:
Baha Breaking News (BBN) / JR