Asian markets mostly higher after mixed data

Thursday, 13. August 2020 07:33

Equities on major stock markets in the Asia-Pacific region traded mostly higher on Thursday after it was reported that Japan's producer price index fell by 0.9% year-on-year in July. Meanwhile, jobs data in Australia showed that the unemployment rate jumped to a 22-year high of 7.5% in July and China said that its banks are expected to dispose of approximately $489.9 billion of bad loans this year.

In Mainland China, the Shanghai Composite went up by 0.30% at 7:14 am CET, while the Shenzhen Composite gained just 0.41% at 7:31 am CET. Hong Kong's Hang Seng increased by 0.06% at 7:30 am CET. Japanese Nikkei 225 grew by 1.89% at 7:30 am CET. South Korean Kospi Composite grew 0.66% at 7:30 am CET. Australia's S&P/ASX 200 dropped 0.86% 7:31 am CET.

The dollar was 0.17% lower against the yen, to go for ¥106.7060 at 7:29 am CET.

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Breaking the News / TF