Asian markets mixed, gold stabilises above $1,340

Asian markets were trading on a mixed note on Thursday. The big event for the Asian hours was RBNZ rate decision. RBNZ cut the Official Cash Rate by 25 basis points to 2.00% on Thursday. On the other side, South Korea August Bank of Korea base rate stays flat at 1.25 % (forecast 1.25 %) vs previous 1.25 %.

Gold and silver were trading marginally lower in early Asian hours. Gold was trading around $1,340 and silver was trading around $20.05 marks.

Japanese banks will be closed in observance of Mountain Day.

South Korea’s Kospi was trading 0.32 percent lower at 2,038.28 points.

Shanghai composite index to open down 0.2 pct at 3,013.68 points and China's CSI300 index to open down 0.1 pct at 3,239.56 points.

Hong Kong’s Hang seng was trading 0.16 percent higher at 22,528.15 points.

Australia's S&P/ASX 200 was trading 1.04 percent lower at 5,486.10 points.