Asian Indices Mixed, Nikkei Closes Higher on Cautious Trading
Asian indices finished mixed today as traders digest the results of the much anticipated G20 in Osaka, Japan. The Hang Seng outperformed adding 1.31 percent higher at 28,907, the Shanghai composite slipped 0.03 percent to 3,043 and the Singapore Straits Times index finished 0.35 percent lower at 3,361. ASX 200 in Australia finished 0.1% higher at 6,653. In Japan the main benchmark, Nikkei 225 finished 0.11 percent higher at 21,754 as traders closely watching the developments after the US – China trade truce. Earlier today in Japan, the Monetary Base, Year over Year report, came in at 4%, beating analyst’s forecasts of 3.4% in June.
In Asian forex markets USDJPY trading 0.11 percent lower at 108.32, the Aussie dollar trading 0.33 percent higher against greenback at 0.6987 at the daily high while Kiwi is flat at 0.667 vs USD.
The Reserve Bank of Australia (RBA), cut interest rates for the third month in a row to a historic low level of 1.0% as market expected.
The New Zealand NZIER Business Confidence, Quarter over Quarter, came in at -34% for 2Q while the previous reading was at -29%. The Building Permits in the country came in at 13.2%, beating forecasts of -0.5% in May.Don’t miss a beat! Follow us on Twitter.