Asian stocks were mixed in early trading, with Australia to make a decision on interest rates later Tuesday as slowing Chinese demand hits its resource-driven economy.
Tokyo eased 0.13 per cent and Hong Kong fell 0.48 per cent while Shanghai was up 0.14 per cent, Seoul was 0.21 per cent higher and Sydney put on 0.63 per cent.
Most analysts expect Australia to keep interest rates at their current record lows but the central bank governor has not ruled out the option of further easing.
Australia "will be more sensitive to fluctuations in China's performance than other countries," central bank governor Glenn Stevens said in June, as China receives most of the country's iron ore and coal exports.
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Tokyo eased 0.13 per cent and Hong Kong fell 0.48 per cent while Shanghai was up 0.14 per cent, Seoul was 0.21 per cent higher and Sydney put on 0.63 per cent.
Most analysts expect Australia to keep interest rates at their current record lows but the central bank governor has not ruled out the option of further easing.
Australia "will be more sensitive to fluctuations in China's performance than other countries," central bank governor Glenn Stevens said in June, as China receives most of the country's iron ore and coal exports.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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