Asia-Pacific stocks mixed; Reserve Bank of New Zealand rate decision ahead
Shares in Asia-Pacific were mixed in Wednesday morning trade as investors look ahead to the Reserve Bank of New Zealand’s interest rate decision.
In Japan, the Nikkei 225 sat below the flatline in early trade while the Topix index hovered mildly higher.
Japan’s government on Tuesday decided to extend the Covid-19 state of emergency in Tokyo and other areas to Sept. 12, local news agency Kyodo News reported.
South Korea’s Kospi advanced 0.14%. Over in Australia, the S&P/ASX 200 slipped 0.44%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.16% lower.
RBNZ rate decision ahead
The Reserve Bank of New Zealand is set to announce its interest rate decision at 10:00 a.m. HK/SIN on Wednesday.
The New Zealand central bank could become the first economy in Asia-Pacific to raise interest rates. Still, uncertainty surrounds the announcement after the discovery of one Covid case in Auckland prompted New Zealand’s prime minister to announce a nationwide lockdown.
Reference: CNBC
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