Asian markets trade flat; Shanghai Composite index up 1%

The Reserve Bank of Australia (RBA) is expected to announce its interest rate decision today.

Jul 07, 2020 07:07 IST India Infoline News Service

Nikkei
Asian markets opened flat in today’s session after a stellar rally on Monday’s trade.  The Reserve Bank of Australia (RBA) is expected to announce its interest rate decision today.

The Shanghai Composite rose 1.36%, the Shenzhen Component added 1.1%. Hong Kong’s Hang Seng index also jumped 1.36%, however, Japan’s Nikkei 225 slipped 0.47% and the Topix index shed 0.42%.

South Korea’s Kospi dipped fractionally, while the S&P/ASX 200 gained 0.22%.

Overnight stateside, US indices closed with stellar gains with the Dow Jones Industrial Average jumped 459.67 points, or 1.8%, to close at 26,287.03. The S&P 500 advanced 1.6% to end its trading day at 3,179.72 and the Nasdaq Composite hit an all-time high, surging 2.2% to close at 10,433.65.

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