Asian stocks mostly higher with data in focus
Shares on major stock markets in the Asia-Pacific region traded mostly higher on Friday as economic data from Japan poured in. The Statistics Bureau of Japan unveiled that the country’s inflation grew 0.3% on an annual basis in July, marking the largest increase since March. Meanwhile, the Japanese manufacturing sector remained in contraction in August but it reached its highest level since February after its monthly rise of 1.4 percentage points met estimates, signaling the country’s gradual recovery from the coronavirus crisis.
The Nikkei 225 added 0.35% at 7:30 am CET, while the Kospi surged 2.04% concurrently. The Hang Seng ticked 1.35% higher at the same time, while the Shanghai Composite and the Shenzhen Composite strengthened 0.52% and 1.31%, respectively. The S&P/ASX in Australia was flat at 7:29 am CET.
The dollar went down by 0.20% at 7:32 am CET, going for ¥105.5885.
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