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Asian stocks diverge as concerns about North Korea activity resume

2019-07-26 07:34 am | Resource: الاخبار | No Views : 35

 Asian stocks diverge as concerns about North Korea's activity resume

Stocks in East Asian markets mixed on Friday after North Korea unofficially confirmed the firing if its latest missile was a "strict warning" to South Korean "warlords." The move came in response to preparations for another round of joint US-South Korean military exercises, which Pyongyang warned would affect nuclear disarmament talks. Investors are also expecting a monetary policy decision from the US Federal Reserve as they take in comments by European Central Bank President Mario Draghi following the decision to keep interest rates at the moment.

In the data, the Japanese Statistics Bureau announced an annual increase of 0.9% in prices.

Tokyo's consumer price index rose 0.9% in July on an annualized basis

Tokyo's consumer price index was at 101.5 in July, according to a preliminary report released by the Japan Statistics Bureau published on Friday. Prices rose 0.9% YoY before seasonal adjustment and were 0.1% higher than June on a seasonally adjusted basis.

Prices for all items excluding fresh foodstuffs rose by 0.9% YoY and 0.1% from the previous month, with the index of 101.4. All materials, excluding fresh food and energy, recorded a CPI of 101.6, up 0.8% YoY and 0.1% on a monthly basis.

Fuel, lighting and water prices rose 2.8% year-on-year in July, followed by furniture and household appliances, which were 2.6% higher. Transport and communications were the only ones whose prices fell by 1.1% compared to July 2018.

 Softbank Announces $ 108 Billion Fund

Softbank unveiled Vision 2 Fund on Friday to "facilitate the continued acceleration of the AI ​​revolution by investing in market-leading growth companies that support technology." The bank said it attracted about $ 108 billion in contributions from investors including Apple and MicroSoft

Asian stocks are trading
  • Tokyo's Nikkei 225 index fell 0.51% at 7:33 am.
  • South Korea's Kospi Composite Index fell 0.48% at 7:34 am CET.
  • The Shanghai Composite Index was positive, adding 0.17% at 7:53 CET
  • while the Shenzhen Composite Index was steady.
  • Hang Seng in Hong Kong lost 0.44% at 7:55 CET.
  • The Australian S & P / ASX200 index fell 0.35% at 6:56 am CET.

The dollar was steady against the yen at 7:57 am, buying 108.6385 yen.

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