Asian stock markets higher despite US-China tensions

Thursday, 09. July 2020 04:27

Stock markets in the Asia-Pacific region traded mostly higher on Thursday after United States Secretary of State Mike Pompeo criticized China for a number of issues, including Beijing's response to the coronavirus. Meanwhile, Bank of Japan's (BoJ) Governor Haruhiko Kuroda said the economic recovery will depend on the development of the pandemic. On data, China's National Bureau of Statistics reported the consumer price index for the country increased by 2.7% in June.

The Nikkei 225 index grew 0.33% at 4:17 am CET. The dollar traded unchanged against the yen to sell for ¥107.3135 at the same time.

The Shanghai Composite increased 0.60% at 4:17 am CET and the Shenzhen Composite jumped 1.38% at 4:18 am CET. In Hong Kong, the Hang Seng advanced 0.37% concurrently.

South Korea's Kospi gained 0.49% at 4:20 am CET and the Australian S&P/ASX rose 0.96% at 4:19 am CET.

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Breaking the News / MD