Market Overview

Asian markets traded mixed on Thursday, recovering from the prior session's losses after Wall Street ended mostly higher. The rebound in US stocks came as market participants weighed remarks from several Federal Reserve officials hinting at potential rate cuts in September, alongside weaker data showing declines in job openings and factory orders.

Regional Performance

Japan's Nikkei 225 climbed by 1.50% at 7:46 am CET, while Hong Kong's Hang Seng lost 1.02%. South Korea's Kospi Composite was up 0.16%, and Australia's S&P/ASX 200 increased by 1.02%. In mainland China, the Shanghai Composite dipped by 1.46% at 7:47 am CET, with the Shenzhen Composite down 2.41% a minute later.

Economic Data

Australia reported a trade surplus of 7.31 billion Australian dollars in July, providing a positive note for investors in the Asia-Pacific region.

Currency Update

The US dollar traded flat against the yen at 7:42 am CET, at ¥148.2365.