Asia-Pacific Markets Show Resilience

Following the release of encouraging economic data from Japan and Australia, major stock markets in the Asia-Pacific region experienced mostly positive movements during Thursday's afternoon session.

Trade Developments in Focus

Investors are closely monitoring the latest trade developments, particularly the impending tariffs by the United States on exports from Japan and South Korea, set to take effect after the August 1 deadline.

Market Performances at a Glance

Nikkei 225 saw a modest increase of 0.17%, while the Hang Seng advanced by 0.2%. The Kospi remained flat, whereas in mainland China, the Shanghai Composite rose by 0.12% and the Shenzhen Composite surged 1.13%. The S&P/ASX 200 also enjoyed growth, up by 0.71%.

Currency Movements

The dollar strengthened against the yen, marking a 0.35% increase to reach ¥148.39850.