Thursday, August 5, 2021

Key Asian stock markets end trading mixed

Key Asian stock markets ended mixed today tracking weakness in Chinese stocks as recent upbeat economic data raised fears of monetary policy tightening, while the dollar index struggled near one-month lows.

So, China’s  Shanghai Composite index dipped 0.5%. Hong Kong’s Hang Seng fell 0.3%. But, Japan’s Nikkei 225 gained 0.1 percent. South Korea’s Kospi index rose 0.4%. And Singapore’s Straits Times Index rose 0.2%.

In Europe, markets rose as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination. London’s FTSE 100 rose 0.2% as a surge in metals prices lifted shares of companies such as Rio Tinto, Anglo American and BHP. France’s CAC and Germany’s DAX added 0.2 percent, each.

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