Stocks in Asia were slightly lifted as the weakened Japanese yen boosted the region’s benchmark index. Meanwhile, in Australia, investors weigh on the Reserve Bank of Australia’s (RBA) rate decision.
Asian Stocks
The Japanese benchmark Nikkei 225 index added 1.43% to trade at 15,698.59 at the time of writing, while Tokyo’s Topix index rallied 1.12% to 1,225.21 points, the highest since Jan 22. The Japanese yen weakened against the US dollar, trading at 104.87 yen per dollar at the time of writing. Shares were boosted as Nintendo climbed 2.9% to 12,075 yen, while electronics company TDK saw the most gains, with shares rising 7.27%. Car giants Toyota Motor Corp added 1.8% to 6,060 yen, while the electronics maker Pioneer rallied over 4%.
Hong Kong’s Hang Seng index slid 0.51% to 24,626.25 points, while the Chinese benchmark Shanghai Composite edged 0.30% higher to 2,242.33 points.
In China, Belle International gained the most during the session, with shares rising up 3%, while China Modern Dairy Holdings slid 2.3% lower to HK$3.76 and Oil Company China Petrol & Chemical lost 1.77%.
In South Korea, the benchmark Kospi index receded 0.76% to 2,052.98 points. In Seoul, Hyundai lost 2.8% to 225,500 won after announcing car sales fell 5.9% to 357,698 units in August from the previous year. Samsung Electronics declined 2.6% to 1.194 million won, the lowest since September 2012.
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Australia’s S&P/ASX 200 index was up 0.33% to 5,648.10 points. In Sydney, air carrier Qantas Airways were the main movers, with shares climbing 4.48%, while gold miners Resolute Mining declined 4.55%.
Reserve Bank of Australia (RBA) kept its benchmark cash rate unchanged at 2.5% to support the nation’s economy growth and jobs sector as the unemployment is at a 12-year high.
Europe
European stocks were traded higher on Tuesday as investors await important economic news from Europe and Us later in the week.
The European Euro Stoxx 50 jumped 0.67% to 3,196.41 at the time of writing, while the German DAX edged 0.93% higher to 9,547.20. In France, the benchmark CAC 40 index rose 0.49% to 4,401.13 and UK’s FTSE 100 added 0.29% to 6,845.98.
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