China exports, imports, central banks, interest rates


SINGAPORE — Shares in the Asia-Pacific were mixed on Wednesday ahead of China trade data and central bank decisions in the region. Investors will also be looking ahead to the U.S. inflation report for June.

Japan’s Nikkei 225 rose 0.48%, and the Topix index gained 0.43%

In South Korea, the Kospi advanced 0.39% and the Kosdaq was 0.32% higher.

The S&P/ASX 200 in Australia was 0.2% lower.

MSCI’s broadest index of Asia-Pacific shares outside Japan was just above the flatline.

Chinese trade data is due on Wednesday. A Reuters poll predicts that exports will grow by 12%, while imports will increase by 3.9%.

The Bank of Korea raised rates by 50 basis points for the first time, bringing the rate to 2.25%, Reuters reported. That’s in line with analyst expectations in a Reuters poll. The Korean won pulled back slightly, and stood at 1,308.97 against the greenback.

The Reserve Bank of New Zealand is set to increase rates by half a point as well.

Thailand’s stock exchange is closed for a holiday Wednesday.

Stock picks and investing trends from CNBC Pro:

Major indexes in the U.S. see-sawed during the trading day before closing lower.

The Dow Jones Industrial Average dipped 192.51 points or 0.62% to 30,981.33, while the S&P 500 dropped 0.92% to 3,818.80. The Nasdaq Composite slid 0.95% to close at 11,264.73.

The U.S. will report consumer price index data later Wednesday, and markets are expecting hot inflation, which would keep the Fed firmly on its hiking path.

Currencies and oil



Read original article here

Denial of responsibility! Vigour Times is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment
Enable Notifications    OK No thanks