Equity indices in the Asia-Pacific region had a mixed showing on Wednesday.
Japan’s Nikkei: -0.3%,
Hong Kong’s Hang Seng: -1.0%,
China’s Shanghai Composite: +0.1%,
India’s Sensex: -0.9%,
South Korea’s Kospi: +0.7%,
Australia’s ASX All Ordinaries: +0.3%.
South Korea
June PPI 0.0% m/m (last 1.0%); 8.6% yr/yr (last 8.6%)
SK Hynix denied speculation that it is looking to purchase a chip fabrication facility in Ohio from Intel.
China
Foreign Minister Yi met with Secretary of State Rubio in Manila.
Bank Indonesia left its policy rate at 5.75% against some expectations for a hike.
Japan
Japan is reportedly looking to relax lending rules for banks while also encouraging pension funds to invest in alternative assets.
June trade deficit JPY880 bln (expected deficit of JPY560 bln; last deficit of JPY220 bln).
June Imports 25.4% yr/yr (expected 21.0%; last 12.5%) and Exports 19.3% yr/yr (expected 18.6%; last 16.8%)
Australia
June MI Leading Index 0.0% m/m (last -0.1%)
New Zealand
June Credit Card Spending 3.1% yr/yr (last 4.2%)