Asian markets trade mixed amid trade uncertainties

Wednesday, 17. July 2019 04:22

Asian markets were trading mixed on Wednesday after United States Federal Reserve Chair Jerome Powell once more indicated that the trade war uncertainties and potential global growth slowdown may warrant an interest rate cut. The same signals caused Wall Street to end the trading session below the flatline after several consecutive record highs. In the meantime, China's Premier Li Keqiang announced a new state investment cycle after the latest data showed the country's GDP weakened to its 27-year low.

China's Shanghai Composite was trading flat at 4:13 am CET. Shenzhen Composite rose 0.49% at the same time, while the Hong Kong's Hang Seng traded 0.37%% lower at 4:12 am CET.

Japanese Nikkei 225 was down 0.40% at 4:10 am CET. The dollar traded 0.05% lower against the yen, to go for 108.1880 at the same time.

South Korean Kospi Composite was also down, losing 1.08% at 3:55 am CET. Australia's S&P/ASX 200 was trading in the green, increasing by 0.47% at 4:12 am CET

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Breaking the News / MA