Nikkei jumps over 300 points after inflation data

Tuesday, 04. August 2020 04:27

Japan's Nikkei 225 jumped over 300 points on Tuesday after the inflation data showed a bigger rise in consumer prices than expected, but mainland stocks on the Chinese mainland were lower as tensions between the United States and China remain high. Meanwhile, investors awaited the Reserve Bank of Australia's interest rate decision.

The Shanghai Composite fell 0.36% at 4:20 am CET and the Shenzhen Composite lost 0.13% at 4:18 am CET. Hong Kong's Hang Seng was 0.64% higher at 4:22 am CET.

The Nikkei 225 surged 1.43% at 4:23 am CET as Kikkoman surged 14.11% at 3:45 am CET. The dollar was 0.18% higher compared to the yen at 4:24 am CET, going for 106.1425. Meanwhile, the Kospi in South Korea jumped 1.36% at 4:25 am CET.

Australia's S&P/ASX 200 soared 1.95% at 4:25 am CET.

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Author:
Breaking the News / VP