TELETRADER News
8/16, 4:52 AM (Source: TeleTrader)
more TeleTrader news

Asia mostly higher amid China ecomony comments

Asian stock indexes traded mostly higher as the Chinese government pledged to "keep the economy within reasonable bounds." The comments follow disappointing data reports on industrial production and retail sales, as well as the People's Bank of China's decision to cut interest rates. Reports also claim China is considering issuing bonds "to provide liquidity to some troubled property developers," as well as buying bonds and loans from them.

The Nikkei 225 was flat at 4:35 am CET, while the Kospi Composite added 0.35% at 4:49 am CET and Hang Seng was up 0.10%. The S&P/ASX 200 grew by 0.49% at 4:50 am CET, the Shanghai Composite improved by 0.44% at 4:36 am CET, and the Shenzhen Composite gained 0.44% at 4:51 am CET.

The dollar traded flat compared to the yen and went for 133.3535 at 4:52 am CET.

Baha Breaking News (BBN) / DJ