Asian stocks mixed

FXstreet.com (Barcelona) - Local share market in the Asia-Pacific show mixed results ahead of a holiday in the US with NY closed.

Nikkei index is down a slightly -0.33% still above the 14000 points mark by the lunch break in Tokyo, while the Shanghai Composite index is also down -0.62%. Australian ASX though is higher by almost +1%, and Korean Kospi up +0.19%. Hong-Kong's Hang-Seng is the big winner of the day rising a generous +1.7%.

Jul 4, 2013

Kuroda assertive on economy, inflation

Bank of Japan Haruhiko Kuroda, who spoke at a quarterly meeting of the BOJ’s regional branch managers, affirmed the economy is on the right path for a steady recovery, with inflation expectations continuing to increase.

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Jul 4, 2013

Flash: Australian construction data to please RBA - NAB

Building approvals in Australia came soft in May, due to a 9.5% fall in private apartments, however private housing gained for fifth consecutive month, this last a good sign for future dwelling investment, says Spiros Papadopoulos, Senior Economist at NAB, adding that "Given the RBA’s ongoing confidence that the rate cuts over the past 18 months are slowly working their way through the economy, the continuing gains in private housing would be pleasing for them."

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