Asia trades higher as RBA predicts slower recovery
Major stock indexes in Asia traded higher on Tuesday following the latest Reserve Bank of Australia meeting. Members stated the country can expect a slower economic recovery in the December quarter of 2021 and at the start of 2022 when compared to the same period last year. Meanwhile, regional geopolitical uncertainties continue as North Korea fired an unidentified missile toward the East Sea.
The Nikkei 225 was up by 0.60% at 4:35 am CET, as the S&P/ASX 200 gained 0.12% at the same time and Hang Seng jumped 1.41%. The Kospi Composite grew by 0.76% at 4:16 am CET.
The Shanghai Composite added 0.54% at 4:36 am CET, while the Shenzhen Composite improved by 0.45% a minute later.
The dollar traded 0.09% lower compared to the yen and went for 114.2140 at 4:38 am CET.
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