Asian Stocks
Asian stocks were seen trading in between gains and losses on Thursday as the Bank of Japan kept its monetary policy unchanged.
Japan
The Japanese benchmark Nikkei 225 index fell 0.33% lower to trade at 15,676.18 at the time of writing, while Tokyo Topix index slid 0.45% lower to 1,295.59.
Sumitomo Metal Mining saw gains with shares rising 3.77% higher, while the engineering company Hitachi Zosen rose 3.68% higher. On the downside, Pacific Metals and textile manufacturers Nitto Boseki saw losses, with shares falling 3.60% and 3.33% respectively.
The Bank of Japan kept its monetary policy unchanged on Thursday and maintained its plan for a 60 trillion yen to 70 trillion yen annual increase after concluding its two-day meeting. The European Central Bank is expected to announce its monetary policy decision later in the day.
China
Hong Kong’s Hang Seng index edged 0.24% lower to 25,097.25, while the Chinese benchmark Shanghai Composite rose 0.26% to trade at 2,288.33.
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In China, China Mengniu Dairy saw the most gains, with shares rising 2.25%, while property developer Yuexiu Property declined 3% lower to HK$1.62 and Hengan International lost 1.9% to HK$82.35.
The South Korean Kospi index gained 0.25% to 2,056.26, while Australia’s benchmark S&P/ASX 200 fell 0.53% lower to 5,626.40 at the time of writing.
In Australia, a report from the Australian Bureau of statistics showed that the nation’s retail sales went up 0.4% in July month-on-month, meeting in line with forecasts.
A separate report released showed that the country’s trade balance narrowed into a deficit of A$1.359 billion in July, compared to the previous figure of A$ 1.683 billion seen in June, measures on a seasonally adjusted basis.
European Stocks
Stocks in the European region were seen trading lower on Thursday as all eyes are on the upcoming European Central Bank (ECB) monetary policy meeting later in the day.
The European Euro Stoxx 50 fell 0.20% lower to 3,212.51 at the time of writing, while the German DAX edged 0.30% lower to 9,597.66. In France, the benchmark CAC 40 lost 0.34% to 4,406.91, while UK’s FTSE 100 gained 0.15% to trade at 6,883.85.
In France, the ILO mainland unemployment rate remained flat at 9.7% in the second quarter, while the number of unemployed persons rose by 10,000, according to reports from the National Institute for Statistics and Economic studies.
Meanwhile, a separate report released showed that Germany’s factory orders climbed 4.6% in July from the 2.7% fall recorded in the previous month.
Ukraine
On Wednesday, the Ukrainian President Petro Poroshenko held talks with his Russian counterpart President Vladimir Putin to end the deadly conflict in the southeast region of Ukraine. More talks between the nations and pro-separatist rebels are scheduled to take place on Friday.
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