Risk Appetite Grows in Asia; Hynix +8%, Trump Positive, Mixed China Data
Asian markets saw increased risk appetite as SK Hynix shares surged 8% and Donald Trump adopted a more positive tone. Mixed Chinese economic data and anticipation of a Bank of Korea rate hike tempered sentiment.
Asian risk appetite strengthened on Tuesday, driven by an 8% jump in SK Hynix shares and a more upbeat tone from former US President Donald Trump.
China released mixed economic figures, while markets are pricing in a potential rate hike from the Bank of Korea at its Wednesday meeting.
Investors now await the US June Producer Price Index data, which could influence Federal Reserve policy expectations.
Source: FXStreet Forex News