Light red all over the Asia-Pacific

FXstreet.com (Barcelona) - Local share markets in the Asia-Pacific are showing loses overall following declines in the US with the SP500 down -0.38% at the NY close, despite the better than expected US new home sales data released in early NY trade.

With Oil trading near weekly lows barely below the $105 handle, the Nikkei index is last down -0.46%, along with the Australian ASX index that loses some -0.33%. Hong-Kongs Hang-Seng index is also lower by -0.45%, while Korean Kospi is down -0.15%, and the Shanghai Composite index is about to break even, still down by -0.09%.

Flash: China's 7% 'growth floor' speech fake? be wary on more stimulus - Nomura

Following news on the New Beijing Journal on 24 July on Chinese Premier Li Keqiang underlying 7% as the "growth floor", and with media widely quoting the headline, Nomura questions the veracity of the comments.
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AUD/USD finds intraday ceiling at 0.9160

The AUD/USD has been edging higher since the Tokyo open, reverting the downward bias initated at 0.9270 and that found a temporary bottom at 0.9130, where emerging bids took the pair back towards 0.9150.
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