The Asian market were trading mixed on Wednesday, with the Shanghai Composite index opening at a negative territory, while the Australian and Hong Kong shares climbed overnight after the better-than-expected US data was released .
The Japanese Nikkei 225 closed at 1.04% to 12,834.01, while the Topix index closed down at a low 0.9% to 1,069.28.
Shanghai Composite slid 1.02% to 1.02% to 1,931.16 at 6:03am GMT, while in Hong Kong, the climbed 1.12% to 20,079.27 at the same time.
The Australian S&P/ASX 200 gained 1.48% higher, closing at 4,724.70, while in South Korea; the Kospi index increased 0.16% at 1,783.45.
The People’s Bank of China (PBOC) said it would maintain the liquidity in the financial markets in order to stabilize the system where required, in a statement released on Tuesday.
“We’ll closely monitor the change of liquidity within the banking system going forward, flexibly adjust liquidity management based on international payments and the liquidity demand-and-supply situation,” deputy head of the PBoC’s Shanghai branch Ling Tao said in a statement.
The rate of the seven-day average repurchase rate closed at 7.44% higher on Tuesday. High borrowing costs in China’s interbank markets is expected to decline by mid-July this year, according to analysts.
Goldman Sachs changed its estimate for the Chinese economic growth for this year from 7.8% to 7.4%.
Meanwhile in the U.S, the consumer confidence index climbed to 8.14 in June from its previous record of 76.2 in May, according to the Conference Board statement released on Tuesday.
Durable goods booking in the US rose 3.6% in May to $231 billion, while the house markets made a 1.3% gain to 460,000 sold homes
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