Stock markets in Asia ended without a single direction after the decision of the Chinese central bank

Stock markets in Asia ended without a single direction after the decision of the Chinese central bank
Stock markets in Asia ended without a single direction after the decision of the Chinese central bank

Macroeconomic data published during the day also had an impact on investors’ attitudes

Photo: Bloomberg LP

Asian markets ended flat after China’s central bank left monetary policy unchanged.

The Hong Kong benchmark Hang Seng added 0.44% to its value to 18,930.38 points.

In mainland China, the meter Shanghai Composite decreased by 1.16% to 3199.92 points, and the indicator Shenzhen Component by 2.1% to 11,526.96 points.

The Japanese index Nikkei 225 rose by 0.21% to 27,875.91 points, and the indicator Topix by 0.15% to 1950.43 points.

In South Korea, the benchmark Kospi retreated by 0.4% to 2401.83 points, and the index Kosdaq by 0.20% to 781.88 points.

The Australian meter S&P/ASX 200 increased by 0.21% to 6842.9 points.

On Thursday, the People’s Bank of China left the one-year medium-term interest rate unchanged at 2.75%, in line with analysts’ expectations.

Macroeconomic data published during the day also had an impact on the region.

In August Japan posted its largest one-month trade deficit on record as imports surged, supported by a weaker yen and high energy costs. For the period, Japan’s imports rose by approximately 50% year-on-year, resulting in a trade deficit of 2.8173 trillion. yen (US$19.71 billion).

Earlier it became clear that the growth of the New Zealand economy beat expectations in the second quarter, when the country avoided recession.

New Zealand’s gross domestic product (GDP) rose 1.7% on a quarterly basis after contracting 0.2% in the three months to the end of March, the country’s statistics office said. For comparison, economists’ expectations were for an increase of 1%.

Australia’s unemployment rate unexpectedly rose in August to 3.5%, while employment posted a lower-than-expected rise.

In Asian markets the dollar index was at the level of 109.60 points. The Australian dollar traded at US$0.675 while one US dollar traded at 143.44 Japanese yen.

The European grade of oil Brent rose marginally by 0.1% to $94.19 a barrel. The price of the American variety West Texas Intermediate (WTI) rose marginally to $88.52 a barrel.

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