All the major Asian indices were trading on a mixed note on Tuesday. Gold was trading around $1,230 mark while silver was trading around $17.34 mark. In early hours of Asia, Australia released monetary policy meeting minutes as well as HPI data. Australia’s Q4 home price index increases to 4.1 % vs previous 1.5 %.
Below mention are the highlights from RBA’s meeting minutes:
- RBA minutes - A rising A$ would complicate economic transition.
- RBA minutes - Recent data suggested a "build-up of risks" in the housing market.
- RBA - Slow growth in incomes could restrain consumption given high debt levels.
- RBA minutes - Wages growth, underlying inflation expected to rise only gradually.
- RBA - Higher commodity prices could last longer than first thought given firmer global demand.
Japan’s Nikkei was trading around 0.27 percent lower at 19,470 points.
Hong Kong’s Hang seng was trading 0.64 percent higher at 24,656 points.
Australia’s S&P ASX200 was trading around 0.05 percent lower at 5,776 marks.
South Korea’s Kospi was trading 0.93 percent higher at 2,176 points.
Shanghai composite index to open flat at 3,250.25 points and China's CSI300 index to open flat at 3,449.77 points.
Taiwan stocks open up 0.1 pct at 9,923.18 points.
