Asian stock markets were trading mixed on Tuesday, with shares in
Australia outperforming the region after the Reserve Bank of Australia
held its benchmark interest rate at a record low, in a widely expected
decision.
During the Asian session, Hong Kong’s Hang Seng Index fell 0.6%, Australia’s ASX/200 Index ended 0.77% higher, while Japan’s Nikkei 225 Index inched up 0.17%.
Market players remain concerned over last week’s moves in China’s money market rates, amid lingering worries over a cash crunch. China’s short-term borrowing costs jumped to their highest level since June last week after large bad debt write-downs by major banks sparked worries about the country’s banking system.
The EUR is trading under some pressure against its major counterparts this morning, as market participants remain on the sidelines ahead of ECB President Mario Draghi’s speech later today, for decoding the central bank’s stance on further monetary easing in the Eurozone.
During the Asian session, Hong Kong’s Hang Seng Index fell 0.6%, Australia’s ASX/200 Index ended 0.77% higher, while Japan’s Nikkei 225 Index inched up 0.17%.
Market players remain concerned over last week’s moves in China’s money market rates, amid lingering worries over a cash crunch. China’s short-term borrowing costs jumped to their highest level since June last week after large bad debt write-downs by major banks sparked worries about the country’s banking system.
The EUR is trading under some pressure against its major counterparts this morning, as market participants remain on the sidelines ahead of ECB President Mario Draghi’s speech later today, for decoding the central bank’s stance on further monetary easing in the Eurozone.
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