Reply To: Traders Market Weekly: Valuation Matters in Earnings Season

#39739
Truman
Participant

Equity indices in the Asia-Pacific region ended Tuesday on a mostly higher note.

A former Bank of Japan chief economist said that he expects the BoJ to increase its inflation forecast and maintain ultra-loose policy.
South Korea’s CPI increased at its fastest yr/yr pace since late 1998 in the June reading.
The Biden administration is expected to reverse tariffs on imports from China.
The Reserve Bank of Australia raised its cash rate by 50 bps to 1.35%, as expected.

—Equity Markets—

Japan’s Nikkei: +1.0%
Hong Kong’s Hang Seng: +0.1%
China’s Shanghai Composite: UNCH
India’s Sensex: -0.2%
South Korea’s Kospi: +1.8%
Australia’s ASX All Ordinaries: +0.3%