Asian Markets Mixed Amid Economic Signals

Asian stock markets exhibited mixed performance amid a backdrop of diverse economic indicators and central bank decisions. Japan's Nikkei and Topix indices fell slightly due to profit-taking and the strengthening yen, despite a rise in exports driven by a weaker yen and increased domestic demand. In contrast, markets in Australia, India, and Hong Kong saw gains, with Hong Kong reaching a one-month peak. China's Shanghai Composite faced declines following the central bank's decision to maintain steady loan prime rates. Investors globally are focused on upcoming U.S. Federal Reserve signals, especially from the anticipated speech by Fed Chair Jerome Powell at Jackson Hole. This economic landscape highlights the complex interplay between local and global financial developments.