Asia-Pacific Markets Show Positive Momentum

Investors across the Asia-Pacific region turned their attention to the latest economic data, driving major stock markets higher during Tuesday's afternoon session. Key reports included PMI figures from Japan, China, and Australia, alongside South Korea's inflation data, which indicated a slight decline to 2.1% in June.

Corporate Triumphs Fuel Market Optimism

Japan's Mitsubishi Heavy Industries emerged as a standout, with its shares climbing following the announcement of a monumental $6.5 billion contract to construct navy frigates for Australia. This development significantly contributed to the uplift in the Japanese stock index.

Market Indices Reflect Broad Gains

By early morning CET, Japan's Nikkei had advanced by 0.63%, while Hong Kong's Hang Seng saw a 0.34% increase. South Korea's Kospi leaped by 1.54%, and Australia's S&P/ASX 200 enjoyed a 1.14% rise. In mainland China, the Shenzhen Composite and Shanghai Composite posted gains of 0.32% and 0.54%, respectively.

Currency Watch: The dollar remained stable against the yen, trading at ¥147.1375 at 7:05 am CET.