July 10, 2024
04:33
04:33
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Hong Kong's Hang Seng index climbs amid mixed markets
Asia-Pacific markets displayed varied performances on Wednesday amid global economic developments. Japan's Nikkei 225 came close to breaking its all-time intraday high, buoyed by positive corporate price data. Meanwhile, China's inflation figures for June fell short of expectations, impacting investor sentiment. The mixed results extended across the region. Japan's Nikkei extended gains, rising another 0.25%, while the broader Topix and Hong Kong's Hang Seng index gained more than 1-percent-- reflecting strong market sentiment. Meanwhile, inflation in China rose 0.2% in June, below the 0.4% forecast. However, Producer Price Index fell 0.8% year-on-year,, in line with market expectations. The falling PPI reflects lower factory-gate prices and signals weaker industrial demand. The mainland CSI 300 index slipped 0.4% on the news. Elsewhere, South Korea's Kospi and Kosdaq declined by around 0.2% while Australia's S&P 200 declined by 0.47%.
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