Equity indices in the Asia-Pacific region ended Tuesday on a mixed note with South Korea’s Kospi (-1.6%) approaching a five-week high before reversing.
Japan’s Nikkei: -2.5%,
Hong Kong’s Hang Seng: +0.1%,
China’s Shanghai Composite: +0.2%,
India’s Sensex: -0.6%,
South Korea’s Kospi: -1.6%,
Australia’s ASX All Ordinaries: -0.1%.
Investor sentiment was hurt by news that a ship traversing the Strait of Hormuz was hit by a missile.
South Korea is reportedly discussing military cooperation with U.S. forces in the Middle East.
China
There are growing concerns that China’s consumer subsidies pulled past demand forward rather than create sustainable growth.
China’s National Bureau of Statistics expects CPI to continue increasing mildly in the second half.
Australia
August Westpac Consumer Sentiment 6.0% (last 4.1%)