Asia-Pacific markets mixed as investors assess Australia's rate pause
Publishing timestamp: 2023-07-04 03:38:52
Summary
3) The article discusses the mixed performance of Asia-Pacific markets, with the Reserve Bank of Australia holding its rates steady and the Australian dollar weakening. It also mentions the retreat of the Nikkei 225 in Japan and the decline in South Korea's Kospi. The article highlights the rise of the Shanghai Composite and the Hang Seng index in China, as well as the approval of a domestic debt restructuring plan in Sri Lanka. It also mentions the decision of the Reserve Bank of Australia to hold its official cash rate steady and the rise of Chinese germanium producers' stocks. The article briefly discusses cybersecurity stocks expected to benefit from the use of artificial intelligence and the performance of U.S. and global stocks. It also mentions the slowdown of South Korea's inflation rate and the expectation of rate cuts by the Bank of Korea. The article notes that July has historically been a positive month for equities and highlights the performance of technology stocks in the first half
Sentiment: MIXED
Tickers: ON, .KS11, JD, MRNA, @LCO.1, JPY=, .SZI, @CL.1, .NDX, MRVL, .DXY, NVDA, AMZN, FTNT, 497-SZ, CTAS, .VIX, ENPH, AUD=, META, MCD, AMGN, .SSEC, .IXIC, AVGO, CMG, .AXJO, LLY, TSLA, .N225, .HSI, .SPX, NDAQ, WBA, AAPL, PANW, .DJI, AMD,
Keywords: economic events, australia, shanghai, wti crude (mar'23), kospi index, nikkei 225 index, breaking news: markets, shenzhen component index, world markets, hang seng index, japan, breaking news: asia, business news, usd/jpy, asia economy, ice brent crude (apr'23), south korea, markets, dxy us dollar currency index, australian dollar/us dollar fx spot rate, s&p/asx 200, united states,
Source: https://www.cnbc.com/2023/07/04/asia-pacific-markets.html