Asia-Pacific markets showed a mixed performance on Wednesday as fresh economic data highlighted contrasting trends across the region.
Economic signals
Japan reported a deeper factory slump and slower services growth, while Australia’s inflation ticked up from 2.8% to 3% in August, raising concerns over the monetary policy outlook. At the same time, attention is on Beijing, where South Korea’s Vice Industry Minister Moon Shin-hak is scheduled to meet his Chinese counterpart Xie Yuansheng for supply chain discussions.
Market snapshot (as of 7:25 am CET)
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South Korea’s Kospi: –0.58%
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Hong Kong’s Hang Seng: +0.74%
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Australia’s S&P/ASX 200: –1.06%
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Shanghai Composite: +0.37%
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Shenzhen Composite: +0.95%
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Japan’s Nikkei 225: Flat
In the currency market, the US dollar edged up 0.13% against the yen, trading at ¥147.85 around 7:20 am CET.
