Asia-Pacific mixed as Australia's economy rebounds

Tuesday, 15. June 2021 07:22

Major stock markets in the Asia-Pacific region traded mixed on Tuesday, as traders were bolstered by the recent news coming out of Australia. The United Kingdom and Australia reportedly struck a free trade deal, with the aim to increase the volume of trade which already stands at more than $28 billion, as the Reserve Bank of Australia stated that the economy in the country has started expanding. Meanwhile, members of the North Atlantic Treaty Organization criticized China for its "assertive behavior" and called it a "systematic challenge."

The S&P/ASX 200 surged 1.04% at 7:15 am CET, while the Kospi Composite increased 0.10% a minute later. Japan's Nikkei 225 rose 0.98% at 7:18 am CET, as the dollar concurrently stood flat against the yen trading for ¥110.0830.

In mainland China, the Shenzen Composite declined 0.73% at 7:18 am CET, while the Shanghai Composite dropped 0.75%. Over in Hong Kong, the Hang Seng was down 0.77% at 7:19 am CET.

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Breaking the News / OL