Asian stock markets were mixed on Tuesday as China cut short-term loan rates and reverse repo rates, while investors are waiting for July’s retail sales and industrial output figures for additional signs on the weakening of the world’s second-biggest economy.
As of 9.44 A.M. Bangkok time, Japan’s Nikkei 225 climbed 0.77%, as the country’s gross domestic production in the second quarter came in above forecasts.
The economy achieved 1.5% quarter-on-quarter and 6% annual growth, beating Reuters economists’ projections of 0.8% and 3.1%, respectively.
In Australia, the S&P/ASX 200 added 0.66%.
The Hang Seng index in Hong Kong continued its downward trend, falling by 0.66%, while the Shanghai Composite in mainland China saw a little decrease.
The markets in South Korea are closed today for a national holiday.
The three major U.S. indices all rose overnight, with the S&P 500 and Nasdaq Composite leading the way thanks to a recovery in technology and semiconductor sectors.
The S&P 500 rose 0.58%, while the tech-heavy Nasdaq climbed 1.05%. The Dow Jones Industrial Average, meanwhile, added 0.07%.
