8/15, 7:08 AM (Source: TeleTrader)
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Asia mixed amid data, PBoC rate decision

Major stock markets in Asia-Pacific continued trading mixed on Monday, as investors digested major data reports and the People’s Bank of China’s (PBoC) latest decision on interest rates. Although industrial production and retail sales in China rose in July, the figures came in lower than expected. PBoC decided to cut its interest rates, following the data reports.

Japan’s economy grew 2.2% in the second quarter of 2022, while its industrial production fell by 2.8%.

In mainland China, the Shanghai Composite was flat at 7:04 am CET, while the Shenzhen Composite added 0.42% a minute later. At 7:06 am CET, Hong Kong's Hang Seng declined 0.10%. Japan's Nikkei 225 gained 1.15% at 7:07 am CET, while the Australian S&P 200 rose 0.54% at the same time. The dollar lost 0.20% against the yen at 7:07 am CET, selling for 133.20900.

South Korea's Kospi Composite did not trade today, due to a holiday.

Baha Breaking News (BBN) / AY