Asian Markets Show Mixed Movements

As investors around the globe hold their breath for the United States Federal Reserve's upcoming policy decision, Asian stock markets have shown mixed movements. This comes amid a backdrop of significant economic developments across the region.

Trade Developments and Economic Indicators

In a significant move, China and the United States have agreed to extend their trade truce, signaling a temporary easing of tensions. Meanwhile, South Korea is making strides to finalize a trade deal aimed at dodging a hefty 25% US tariff on its exports. On the economic front, Australia's inflation rate has seen a slight decrease, dropping from 2.4% to 2.1% in the second quarter.

Market Performances at a Glance

At 4:34 a.m. CET, the financial landscape was varied: Australia's S&P/ASX 200 rose by 0.68%, while the US dollar experienced a 0.23% dip against the Japanese yen, settling at ¥148.1345. Shortly after, South Korea's Kospi gained 0.69%, contrasting with Hong Kong's Hang Seng, which fell by 0.30%. Japan's Nikkei 225 remained unchanged, and in mainland China, the Shanghai Composite saw a 0.53% increase, with the Shenzhen Composite holding steady.