Stock Groups

Australia’s inflation, China industrial profits, oil


SINGAPORE — Shares in Asia-Pacific were lower in Wednesday morning trade even as major indexes on Wall Street notching fresh record highs again overnight

Japan has the following: Nikkei 225The Topix index fell 0.39%, while its value dropped 0.37%. South Korea KospiThe decline was also 0.53 percent.

As the Australian stock market fell, shares in Australia were also affected. S&P/ASX 200The decline was 0.17%. The September 2021 quarter’s consumer price index in Australia rose 0.8%, according to data provided Wednesday by the Bureau of Statistics. According to a Reuters poll, the quarterly consumer inflation reading was within expectations.

The Australian dollarFollowing the release of data, it rose to $0.7529, an increase from $0.7495.

China’s industrial profits data September will also be available at 9:30 am HK/SIN on Wednesday.

MSCI’s Asia-Pacific broadest index, which is not linked to Japan, traded at a fractionally lower.

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Overnight stateside, the Dow Jones Industrial Average gained 15.73 points to a new record closing high of 35,756.88 while the S&P 500 climbed 0.18% to 4,574.79. The Nasdaq Composite increased fractionally, to approximately 15,235.72.

Currencies, oil

The U.S. dollar indexFollowing a recent rise to levels near 94,, the metric that tracks the greenback against its peers was at 93.904.

The Japanese yenYesterday’s low of 114.10 dollars was redeemed by yesterday’s rise to 114.10 USD.

Petroleum prices fell in the early hours of Asia trade, with benchmarks internationally. Brent crude futuresThe barrel price dropped by 0.2% to $86.16 U.S. crude futuresOil prices dropped by 0.3% to $84.38 per barrel