The Reserve Bank of India is expected to hold interest rates at 6.5% at its upcoming policy meeting.
At press time, the Nikkei gains 0.13%, Shanghai drops 0.56%, Hang Sang drops 0.02%, the Shenzhen Component Index falls 0.72%, and the Kospi Index is down 0.68%. In China, the country’s top economic committees announced on Friday that the government will implement additional measures to boost consumer expenditure and enhance local liquidity. However, officials once again provided no significant details on the planned stimulus. The government's lack of specific plans has dampened investor expectations. Additionally, China’s Caixin Services PMI climbed to 54.1 in July from 53.9 prior, better than the market consensus of 52.5.
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