- Asian shares mixed in trade outside New Zealand as traders await more clues from China, track Wall Street inaction .
- U.S. 10-year Treasury yield hits monthly high amid recession fears, hawkish Fed speech.
- RBNZ’s Orr, mixed trade figures for July weighed on the NZX by 50.
That said, stocks outside of the MSCI Asia Pacific Index were last down 0.05%, while Japan’s Nikkei 225 was at 28,945 Nearby still hesitant. Notably, New Zealand’s benchmark NZX 50 fell nearly 1.0% as the Reserve Bank of New Zealand (RBNZ) governor hinted at further rate hikes, while July trade data failed to impress buyers.
It is worth noting that the lack of significant data/events also seems to limit the ability of Asia Pacific stock traders to move the market. In addition, investors awaiting more action from the People’s Bank of China (PBOC) and next week’s Jackson Hole meeting also challenged recent investors.
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