Asia-Pacific markets traded mixed on Tuesday as investors digested fresh inflation data from South Korea and kept a close watch on developments at the Shanghai Cooperation Organization (SCO) summit in Tianjin.
South Korea’s consumer price index (CPI) rose 1.7% year-on-year in August, easing from 2.1% in July, raising expectations for continued monetary easing in the coming months.
At 4:25 am CET, Australia’s S&P/ASX 200 slipped 0.24%, while a minute later, South Korea’s Kospi Composite advanced 0.73%. Hong Kong’s Hang Seng Index gained 0.30% at 4:26 am CET.
On the mainland, China’s Shanghai Composite was down 0.12%, and the Shenzhen Composite fell sharply by 1.30%. Japan’s Nikkei 225 added 0.25% at 4:28 am CET.
The currency market also saw movement, with the US dollar trading 0.33% higher against the yen at ¥147.6705 at the same time.
Investors are now awaiting further cues from the SCO summit, which has drawn global attention with participation from more than 20 world leaders, including India’s Prime Minister Narendra Modi, China’s President Xi Jinping, and Russia’s President Vladimir Putin.
