Asian markets were mixed in the afternoon trading on Wednesday as investors dissected data in the region while awaiting the latest update on the United States inflation rate.
Namely, producer prices in Japan increased moderately in June, though the producer inflation eased in comparison to the month before as energy prices continued to go down. Meanwhile, Seoul announced it will open its domestic foreign exchange market to foreign financial companies in the fourth quarter of this year.
Nikkei 225 fell 0.68% at 7:10 am CET. The Shanghai Composite Index was down 0.14% and the Shenzhen Composite dipped 0.25%. A minute later, Hong Kong's Hang Seng jumped 1.22% and South Korea's Kospi grew 0.19%. Australia's S&P/ASX 200 rose 0.40%.
The US dollar lost 0.65% against the Japanese yen hitting its four-week low overnight to trade at ¥139.46300 at 7:15 am CET.
