Mixed Asian equities, with the stock exchanges of Shanghai (up by 1.3%) and Hong Kong (+ 0.95%) positive after the release of the data relating to the trade balance of China, which highlighted a jump in Chinese exports equal to + 25.6% yoy in August, better than the 17.1% rise expected by the consensus.
On the Hong Kong stock exchange, the stocks of retail companies are highlighted, after Bloomberg reported rumors, according to which Hong Kong will begin to allow the entry of tourists arriving from China, starting from next September 15, without quarantine.
Chow Sang Sang up about 4%, Giordano International + 2.5%, Sa Sa International jumped more than 5%.
The Tokyo stock exchange experienced another positive session, betting on the arrival in Japan of new stimuli, which were hoped for by Fumio Kishida, key candidate to take the place of the outgoing Prime Minister Yoshihide Suga. The Nikkei 225 index closed up 0.86% at around 29,916 points.
The RBA, Reserve Bank of Australia, the central bank of Australia, is also the protagonist today, leaving the main reference rates unchanged at 0.10%, confirming the target for three-year government bond yields at 0.10%, as expected.
The RBA surprised the markets however, stating that the tapering plan will follow the previously announced roadmap, as it believes the Australian economy will recover from the crisis it is experiencing again due to the Covid-19 pandemic, in the wake the spread of the Delta variant, which resulted in new lockdown measures.
In July, the central bank decided that, from mid-September, it would reduce the amount of Australian government bonds it buys on the secondary market each week, worth $ 5 billion a week, by cutting purchases to $ 4 billion a week. week, and continuing the reduction through February 2022. Today, the RBA confirmed that tapering plan. The Sydney stock exchange is flat with a variation of -0.05%. Among other exchanges, Seoul was down 0.58%.