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Wednesday, September 22, 2021

Asia-Pacific stocks mixed as investors digest economic data from Australia, Japan

Asia-Pacific stocks mixed as investors digest economic data from Australia, Japan [ad_1]

SINGAPORE — Shares in Asia-Pacific had been mixed in Wednesday morning commerce after a slew of economic data.

In Japan, the Nikkei 225 rose 0.23% whereas the Topix index gained 0.37%.

Japan’s retail gross sales rose 5.2% in March as in contrast with a 12 months in the past, in keeping with authorities data. That was increased than a median market forecast for a 4.7% achieve, in keeping with Reuters.

The S&P/ASX 200 in Australia superior 0.55%. Australia’s shopper value index rose 0.6% within the first quarter, in keeping with data launched by the nation’s Bureau of Statistics on Wednesday. That was decrease than expectations in a Reuters ballot for a 0.9% improve from the earlier quarter.

Mainland Chinese stocks had been decrease, as the Shanghai composite declined about 0.3% whereas the Shenzhen component dipped 0.202%. Hong Kong’s Hang Seng index was little modified.

South Korea’s Kospi slipped 0.91%.

MSCI’s broadest index of Asia-Pacific shares outdoors Japan traded 0.08% decrease.

In company developments, Hong Kong-listed shares of Alibaba jumped almost 2%. The good points got here regardless of a Wall Street Journal report that China is investigating how Jack Ma received speedy approvals for Alibaba-affiliate Ant Group’s inventory itemizing final 12 months.

Major indexes on Wall Street had been muted in a single day stateside. The S&P 500 closed little modified at 4,186.72 whereas the Dow Jones Industrial Average additionally completed its buying and selling day largely flat at 33,984.93. The Nasdaq Composite dipped 0.34% to shut at 14,090.22.

Currencies and oil

The U.S. dollar index, which tracks the buck in opposition to a basket of its friends, was at 90.999 after seeing ranges beneath 90.9 earlier within the buying and selling week.

The Japanese yen traded at 108.91 per greenback, having weakened notably from ranges beneath 108 in opposition to the buck seen earlier within the buying and selling week. The Australian dollar was at $0.7732 after yesterday’s decline from round $0.78.

Oil costs had been decrease within the morning of Asia buying and selling hours, with worldwide benchmark Brent crude futures down 0.26% to $66.25 per barrel. U.S. crude futures shed 0.19% to $62.82 per barrel.

Correction: This article was up to date that mirror that China’s reported investigation is said to Ant Group’s itemizing.


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