Equity indices in the Asia-Pacific region had a mixed showing on Tuesday while Japan’s Nikkei was closed for a holiday.
—Equity Markets—
Japan’s Nikkei: CLOSED
Hong Kong’s Hang Seng: -1.1%
China’s Shanghai Composite: -0.8%
India’s Sensex: -0.5%
South Korea’s Kospi: +0.7%
Australia’s ASX All Ordinaries: +0.2%
South Korea’s exports through the first ten days of August were up 45.3% yr/yr with chip exports jumping 155.4%.
Australia
July NAB Business Confidence -6 (last -6) and NAB Business Survey 4 (last 3)
The Reserve Bank of Australia left its official cash rate at 4.35%, as expected, and its inflation outlook was little changed from May.
New Zealand
Prime Minister Luxon is reportedly facing growing displeasure within his party.
Singapore
Q2 GDP 1.4% qtr/qtr (expected 1.1%; last 1.2%); 5.9% yr/yr (expected 5.7%; last 6.3%)