Asian equities were mixed on Tuesday amid caution over developments in Hong Kong and as investors focused on data in China and Japan. Protesters remained on Hong Kong’s streets on Tuesday, spreading to areas of Admiralty, Causeway Bay and Mong Kok in Kowloon, but police have been absent, according to local media.
“The region’s second largest index will again be the focal point for Asian markets, as Hong Kong sees its largest civil unrest since the 60s. With Chinese National Day (a public holiday) tomorrow, the likelihood of the crowds increasing is mounting,” said Evan Lucas, market strategist at IG.
On the economic front, Japan’s August data deluge was mixed with household spending and industrial output coming in worse than expected, while retail sales beat forecasts. Meanwhile, HSBC’s China final manufacturing report for September came in at 50.2, unchanged from August.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015