Market

Asian Markets React to Japan's Trade Surplus and Australia's Rising Unemployment

Mixed Reactions in Asia-Pacific Markets

Following the release of Japan's Finance Ministry report, which highlighted a ¥153.1 billion trade surplus in June, Asia-Pacific markets showed mixed reactions. The Australian Bureau of Statistics also contributed to the day's economic indicators, reporting an unemployment rate rise to 4.3% in June.

Market Movements Across the Region

South Korea's Kospi experienced a slight decline of 0.42%, while Hong Kong's Hang Seng saw a modest gain of 0.36%. Japan's Nikkei 225 wasn't spared, dropping by 0.29%. Meanwhile, mainland China's markets showed resilience with the Shanghai Composite holding steady and the Shenzhen Composite rising by 0.80%. Australia's S&P/ASX 200 outperformed with a 0.72% increase.

Currency Fluctuations

The dollar strengthened against the yen, trading 0.36% higher, reaching 148.41400.