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8/11/2016, 6:50 AM (Source: TeleTrader)
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Asian markets trade mixed

Stock markets in the Asia-Pacific moved in separate directions on Thursday, with economic data and central bank moves influencing the trade.

In New Zealand, the S&P/NZX 50 was just 0.01% lower near the close after the central bank cut the interest rate by 0.25 points to 2%, which propelled up the NZ dollar 0.79% against the U.S. counterpart and up 1.34% versus the Japanese yen at 6:40 a.m. CET.

Across the Tasman Sea, the S&P/ASX 200 and the All Ordinaries indices fell 0.7%, and the NZ dollar gained 0.83% versus the Australian dollar.

While stock markets were closed in Japan for the Mountain Day holiday, Chinese markets gave mixed performance ahead of the mountain of data (production, retail, investment) expected on Friday. The Shanghai Composite added 0.09% and the Shenzhen Composite fell 0.49% at 6:40 a.m. CET. The Hong Kong's Hang Seng added 0.19%.

In Seoul, the Kospi index lost 0.27% and the Kosdaq fell 0.63%. Korean won fell after the Bank of Korea decided to leave the Base Rate unchanged at 1.25%. The won moved from a high of 1,093 to 1,101.30 per U.S. dollar by 7:10 a.m. CET.

Breaking the News / ZR