Asia-Pacific trades mixed on regional stability

Friday, 17. September 2021 07:23

Major stock markets in the Asia-Pacific region traded mixed on Friday, as investors analyzed how the latest political developments in the region will affect trading. Taiwan urged the European Union to start trading talks with it, as reports emerged that it plans to boost its military spending amid increased pressure from China. Meanwhile, South Korea called for a de-escalation of tensions on the Korean Peninsula, following North Korea's latest rocket tests, and the race for the new leader of Japan's Liberal Democratic Party (LDP) began.

Japan's Nikkei traded 0.54% higher at 7:19 am CET, as the dollar gained 0.13% against the yen trading for ¥109.8735 a minute later. The Kospi Composite increased 0.35% at 7:21 am CET, while the S&P/ASX 200 fell 0.84% at the same time.

In mainland China, both the Shenzhen Composite and the Shanghai Composite suffered losses, dropping 0.09% and 0.61% respectively at 7:22 am CET. Over in Hong Kong, the Hang Seng was up by 0.70% at 7:23 am CET.

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