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    Home»Stocks»Asia markets set to rise; RBA expected to cut rates
    Stocks

    Asia markets set to rise; RBA expected to cut rates

    IDKWYDBy IDKWYDFebruary 18, 2025No Comments1 Min Read
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    Australia, New South Wales, Sydney

    Scott E Barbour | The Picture Financial institution | Getty Photos

    Asia-Pacific markets traded blended Tuesday, a day after Chinese language President Xi Jinping signaled assist to the nation’s non-public sector and urged companies to “present their “abilities.”

    Australia’s S&P/ASX 200 was down 0.59%, forward of the Reserve Financial institution of Australia’s coverage resolution. Reuters estimates a 25-basis-point charge lower to 4.1%.

    The Australian greenback had strengthened 0.17% to 0.6343 in opposition to the greenback.

    Japan’s benchmark Nikkei 225 was buying and selling 0.47% larger, whereas the broader Topix index superior 0.34%.

    South Korea’s Kospi was flat, whereas the small-cap Kosdaq was down 0.17%.

    Mainland China’s CSI 300 Index began the day 0.24% decrease, whereas Hong Kong’s Hang Seng index traded up 0.48%.

    The Dangle Seng tech index started the day 0.63% decrease. The index, which tracks the 30 greatest expertise corporations listed in Hong Kong, dropped over 2% Monday after Xi’s feedback in a rare closed-door symposium.



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