Asian Shares Close Mixed after RBA Meeting Minutes
Stocks in the Asia-Pacific region finished mixed on Tuesday, as investors await for a round of corporate earnings and after dovish RBA minutes of the latest monetary policy meeting. The Reserve Bank of Australia in minutes from July’s monetary policy committee meeting said "Lower interest rates would provide more Australians with jobs and assist with achieving more assured progress towards the inflation target". The Nikkei 225 dropped 151 points or 0.7% to 21,535; the Shanghai Composite index fell 5 points, or 0.2%, to 2,938; the S&P/ASX 200 declined 12 points, or 0.2%, to 6,641 while the Kospi rose 9 points, or 0.5%, to 2,092; and the Hang Seng finished near the flat line at 28,561.
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