6/21, 7:17 AM (Source: TeleTrader)
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Asia trades mostly higher after Kishida remarks

Stock markets in the Asia-Pacific region were mostly higher on Tuesday after Japanese Prime Minister Fumio Kishida said that monetary policy should not be altered at this time, while the country's finance minister noted that the government will monitor the effects of the United States Federal Reserve's latest rate hike on Japan's economy. Elsewhere, the Reserve Bank of Australia (RBA) and its governor commented on the future monetary policy action and the rising inflation.

The Nikkei 225 rose by 2.46% at 7:13 am CET. The Shanghai Composite was up 0.18% at 5:30 am CET and the Shenzhen Composite Index decreased 0.24% at 7:13 am CET. The Hang Seng gained 1.46% a minute later. The Kospi was 1.25% higher at 7:15 am CET. The S&P/ASX 200 in Australia advanced 1.35% at the same time.

The dollar was flat compared to the Japanese yen at 7:16 am CET, trading for 135.1060.

Baha Breaking News (BBN) / MS