author

Author: Don Obrien

Asia-Pacific stocks mixed; Australia central bank rate decision ahead


SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with the Australian central bank set to announce its interest rate decision later in the day.

Hong Kong’s Hang Seng index led gains among the region’s major markets, rising 1.74% in early trade. Mainland Chinese stocks were also higher as the Shanghai composite gained 0.15% while the Shenzhen component advanced 0.135%.

South Korea’s Kospi jumped 1.54%.

Japanese stocks slipped following their Monday surge, with the Nikkei 225 slipping 0.36% while the Topix index shed 0.59%.

The S&P/ASX 200 declined 0.65%. The Reserve Bank of Australia is set to announce its interest rate decision at around 11:30 a.m. HK/SIN.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.71% higher.

Wall Street record closing highs

Overnight on Wall Street, the the S&P 500 gained 0.18% to a record closing high of 4,613.67. The Dow Jones Industrial Average climbed 94.28 points to 35,913.84, also finishing the trading day at a fresh record. The Nasdaq Composite advanced 0.63% to about 15,595.92, also a closing record.

Stock picks and investing trends from CNBC Pro:

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.943 after declining recently from above 94.

The Japanese yen traded at 114.07 per dollar, stronger than levels around 114.4 seen against the greenback yesterday. The Australian dollar changed hands at $0.7527 following its climb yesterday from below $0.75.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures rising 0.28% to $84.95 per barrel. U.S. crude futures gained 0.2% to $84.22 per barrel.



Source link

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Oliver Bolt

Oliver Bolt

On Key

Related Posts