Asia opens mostly higher

Economies.com
2020-06-24 03:59AM UTC

Asian stock indices opened the third session of the week mixed but mostly higher with Japan mixed and China, Australia, New Zealand, and South Korea higher after decisions by the Reserve Bank of New Zealand today. 

 

The RBNZ maintainted rates at record lows of 0.25% for another session as expected, while asserting it's ready to use more tools to bolster the economy, even as New Zealand managed to contain the spread of Covid 19 for now. 

 

Earlier Japanese data showed services prices rose 0.8% in May, same as April. 

 

The Monetary Fund will released global GDP forecasts today after its chief economist warned from much worse estimates than expected before. 

 

Japan's TOPEX fell 0.29%, while Nikkei 225 added 0.12% to 22,576. 

 

China's CSI 300 advanced 0.30%, while Shanghai added 0.24% to 2,977. 

 

Hong Kong's Hang Seng inched up 0.10%, while South Korea's KOSPI rallied 1.57% to 2,164. 

 

New Zealand's NZX 50 rose 0.94%, while Australia's S&P/ASX 200 inched up 0.02% to 5,955. 

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