Asia-Pacific trades lower following data, COVID news

Friday, 30. July 2021 07:23

Equities in the Asia-Pacific region traded lower on Friday, as investors hoped that the latest batch of economic data reports coming out of Japan would give an indication as to the state of the recovery in the country. Japan's unemployment rate went down in June, while its retail trade and industry activity went up, all three indicators beat analysts' expectations. Meanwhile, in pandemic news, Japan noted it was likely to expand the state of emergency to other regions, and South Korea is set to receive over one million Moderna vaccines next week.

The Nikkei 225 dropped 1.83% at 7:19 am CET, while the dollar stood flat against the yen trading for ¥109.5130 at the same time. South Korea's Kospi Composite and Australia's S&P/ASX 200 both saw losses at 7:20 am CET, falling 1.10% and 0.26% respectively.

In mainland China, the Shenzhen Composite lost 1.27% at 7:22 am CET, while the Shanghai Composite was 0.95% down concurrently. Over in Hong Kong, the Hang Seng plummeted 2.52% a minute later.

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Breaking the News / OL