Stock markets in the Asia-Pacific traded mostly higher on Friday after the release of China’s consumer price index and producer price index for July. Markets continued to recoup weekly losses echoing Wall Street’s latest rally driven by lower-than-expected jobless claims in the United States, which helped alleviate concerns about an impending recession.
The Nikkei 225 was flat at 7:17 am CET, the Kospi Composite added 1.01%, and the S&P/ASX 200 rose by 1.10%. A minute later, the Hang Seng improved by 1.39%. At 7:05 am CET, the Shanghai Composite decreased by 0.07%, and the Shenzhen Composite lost 0.22%.
The dollar traded 0.23% lower against the yen and went for 146.86600 at 7:20 am CET.
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