09-07-2021, 07:38 PM
- Shares in Asia-Pacific were mostly higher on Tuesday
- China’s exports jumped 25.6% year-over-year in August, customs data showed Tuesday, above expectations for a 17.1% rise by analysts in a Reuters poll.
- The Reserve Bank of Australia announced Tuesday its decision to hold steady on the cash rate target.
The Shanghai composite in mainland China rose 1.51% to close at 3,676.59 while the Shenzhen component advanced 1.074% to 14,702.90.
China’s exports jumped 25.6% year-over-year in August, customs data showed Tuesday — above expectations for a 17.1% rise by analysts in a Reuters poll.
Hong Kong’s Hang Seng index gained 0.73% to close at 26,353.63.
Shares of retail firms listed in the city rose after Bloomberg reported that Hong Kong will start allowing quarantine-free entry for mainland visitors from Sept. 15. Chow Sang Sang jumped 5.53% while Giordano International gained 6.49% and Sa Sa International surged 10.53%.
The Nikkei 225 in Japan rose 0.86% to close at 29,916.14 while the Topix index advanced 1.09% to 2,063.38, with shares in the country continuing to trek upward after two straight trading days of solid gains. That comes as investor sentiment is buoyed by the prospect of more stimulus that has reportedly been called for by prime minister contender Fumio Kishida.
Elsewhere, South Korea’s Kospi dipped 0.5% to end the trading day at 3,187.42 while the S&P/ASX 200 in Australia closed little changed at 7,530.30.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed.
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