Asia-Pacific markets were mixed on Thursday following the previous session’s sell-off, with Japan’s Nikkei 225 and South Korea’s KOSPİstock markets were among the biggest losers.
Nikkeidown 0.73 percent, broad-based TOPIX, rose marginally following the release of Japan’s July price data.
Average monthly cash flows in the country rose 3.6 percent year-on-year, a softer climb than the 4.5 percent climb seen in June. Real prices rose 0.4 percent year-on-year, the second month in a row after rising 1.1 percent in June.
Hang Sengindex fell by 0.33 percent, while mainland China CSI 300was up marginally. Shares in a number of Chinese developers rose on optimism that the country is considering a two-stage rate cut to support its struggling property sector. Hong Kong-listed China Vanke rose 1.5 percent, while Logan Group added 1.32 percent.
South Korea KOSPIwhile small caps experienced a marginal decline KOSDAKfell 1 percent. SK Hynix shares rose 3.36 percent. The South Korean chipmaker will begin mass-producing HBM3E 12-layer chips by the end of September, the company’s president and head of its AI Infra division said on Wednesday.
Australia’s S&P/ASX 200index increased by 0.18 percent. Exports from the country increased by 0.7 percent in July compared to the previous month, while imports decreased by 0.8 percent in the same period. In the US S&P 500And NasdaqThe composite fell for the second consecutive session.
The broad-based index lost 0.16 percent, while the technology-laden index fell 0.3 percent and Dow JonesThe Industrial Average rose 0.09 percent.
Hibya News Agency
