Mixed Performance in Asian Markets as Economic Data and China Concerns Weigh on Investor Sentiment

Asia-Pacific markets were mixed as investors analyzed economic data from the region. China's one and five-year loan prime rates remained unchanged, while Hong Kong's Hang Seng index rebounded slightly. Japan recorded its first trade surplus in 23 months, and Australia's unemployment rate for June remained steady at 3.5%. Taiwan Semiconductor Manufacturing Company reported a decline in profit and revenue due to macroeconomic headwinds. China's major state-owned banks were seen buying yuan to slow its decline. India's smartphone market stabilized in Q2, and China expressed interest in shifting to new high-end growth areas like IT.