Equities on the Asian markets traded higher on Tuesday with investors awaiting the Reserve Bank of Australia's (RBA) monetary policy statement and interest rate decision.
The markets also reacted to the data coming out of China and Japan. Japan's Jibun Bank Manufacturing PMI saw the country's factory output falling at a softer pace in July, while China's manufacturing PMI for the month deteriorated into contractionary territory.
In mainland China, the Shanghai Composite increased by 0.12% at 4:38 am CET, with the Shenzhen Composite flat a minute later. Hong Kong's Hang Seng edged 0.35% higher at 4:40 am CET, as South Korea's Kospi rose by 1.26%. Australia's S&P/ASX 200 added 0.39% at 4:41 am CET and Japan's Nikkei 225 was up by 0.74% at 4:35 am CET. The dollar traded 0.23% higher against the yen, going for ¥142.6100 at 04:42 am CET.
