7/4, 7:14 AM (Source: TeleTrader)
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Asia-Pacific trades mixed, Nikkei rises over 160 pts

Major stock markets in Asia-Pacific traded mixed on Monday's session amid news about the economy around the world with inflation on focus, updates on the COVID-19 pandemic, and the war in Ukraine with its geopolitical implications.

Earlier, Australian Prime Minister Anthony Albanese stated that his country would provide an additional military assistance package to Kiev amounting to $74 million. Besides, China and Hong Kong announced they would launch a new "Swap Connect" scheme allowing mutual access to interest rate swaps trading to promote financial derivatives markets.

Japan's Nikkei 225 grew 168 points or 0.66%, while Australia's S&P/ASX 200 rose 1.19% at 7:05 am CET. South Korea's Kospi decreased by 0.80% at 7:07 am CET.

The Shanghai Composite gained 0.24% in mainland China at 7:08 am CET. At the same time, the Shenzhen Composite improved by 0.22%. On the other hand, Hong Kong's Hang Seng lost 0.32% at 7:09 am CET. The dollar stood flat compared to the Japanese yen at 7:10 am CET, trading for ¥135.1810.

Baha Breaking News (BBN) / JG