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Stocks in Asia-Pacific mostly rose on Tuesday because the Reserve Bank of Australia raised interest rates in accordance with expectations.
Kospi South Korea increased 1.8% to closed at 2,341.78, and KosdaQ advanced 3.9% to 750.95. SK Hynix jumped 3.82% while Naver rose 3.4%.
Nikkei 225 in Japan rose around 1% to be closed at 26,423.47, while the Topix index rose 0.5% to1,879.12.
The Hong Hong Kong Hang Index explored the previous profit to increase 0.43% in his last trading hours.In Australia, S&P/ASX 200 is 0.25% higher at closure at 6,629.3.
Reserve Bank of Australia raised interest rates by 50 basis points to 1.35% today as expected. The Australian dollar fell after the RBA’s decision was announced, and was last traded on $ 0.6854.The area of the Asia-Pacific shares of MSCI outside Japan rose 0.58%.
Mainland China Market Against Trends. Shanghai’s composite is closed in a lower fraction at 3,403.57, and the Shenzhen component dropped 0.408% at 12,973.11.
Minister of Finance US Janet Yellen and Chinese Premier Representative Liu he held a virtual call on Tuesday to discuss macroeconomic issues.In other places in the region, South Korean data released Tuesday shows the consumer price index in June rose 6% compared to the same period last year. It was slightly higher than the expected increase of 5.9% and the fastest annual increase since November 1998, according to Reuters.
Price pressure and Hawkish Fed As, at the time of the South Korean balance of payments were under pressure, strengthening the case for the 50BP interest rate increase at the [Bank of Korea] meeting on July 13,” wrote Economist Anz Krystal Tan in a note on Tuesday .
Japanese service activities have been expanded at the fastest speed since October 2013, according to the index of the Purchasing Manager of the Japanese Bank AU Jibun Service Purchasing Service. Print rose to 54, compared to 52.6 in MayThe 50 point sign separates the growth from the contraction every month.
Chinese service sector activities also grow, according to the Caixin Services Purchasing Managers Index. The index rose to 54.5 in June compared to 41.4 in May because Covid’s steps were raised.
In company news, a group of members of parliament in the UK reportedly called for a ban on the Chinese CCTV maker Hikvision and Dahua for alleged relations with human rights violations.
U.S. crude oil up 1.4% in Asian afternoon trading to $ 109.95 per barrel, while the Brent Crude Futures dropped 0.19% to $ 113.29 per barrel.
