Market Reactions Across Asia-Pacific

After the Australian Bureau of Statistics (ABS) released a report indicating a drop in the unemployment rate to 4.2% in July, Asia-Pacific markets displayed a mixed performance. The news has sparked varied reactions across the region, with some markets gaining while others faced declines.

Detailed Market Movements

South Korea's Kospi remained flat at 4:15 am CET, showing no significant change. Meanwhile, Hong Kong's Hang Seng saw a modest increase of 0.42% by 4:16 am CET. Contrary to this, Japan's Nikkei 225 experienced a notable drop, falling by 1.28% at 4:17 am CET. Mainland China presented a positive trend with the Shanghai Composite gaining 0.36% and the Shenzhen Composite adding 0.30% by 4:18 am CET. Australia's S&P/ASX 200 also enjoyed a rise, increasing by 0.80% at 4:19 am CET.

Currency Fluctuations

In currency markets, the dollar weakened against the yen, trading 0.51% lower at 4:20 am CET, with a selling price of 146.64300.