Investors await U.S. inflation data, RBI rate decision
SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade as investors await the release of U.S. consumer inflation data.
Stocks of mainland Chinese were down in morning trade. Shanghai compositeReduced by 0.19% Shenzhen componentThe drop was 0.137%
Hong Kong Hang Seng indexThe advancing rate for meanwhile was 0.44%. Hong Kong shares listed on the Hong Kong Stock Exchange China Evergrande GroupThe stock rose by more than 4 percent in morning trade on Thursday. The developer, which is in financial trouble, hoped to sell 600,000 apartments by 2022. However, it was not planning to fire its assets as a way to repay its debts. Reuters reported Wednesday.
The Nikkei 225Japan saw a 0.14% increase, while Topix fell fractionally. South Korea KospiReduced by 0.17%
The Australian government has a number of laws that protect the environment. S&P/ASX 200It climbed by 0.2%
MSCI’s Asia-Pacific stock index outside Japan was 0.31% more.
In the future, the Reserve Bank of India (HK/SIN) will make its decision about interest rates at noon HK/SIN.
Before that announcement is made, Indian rupeeIt was 74.778 dollars, higher than the 75 levels seen earlier in the month.
A report on the U.S. consumer prices index will also be published Thursday.
Overnight stateside, the Dow Jones Industrial Average jumped 305.28 points to 35,768.06 while the S&P 500 gained 1.45% to 4,587.18. Nasdaq Composite performed better, rising 2.08% to 14490.37
The U.S. dollar indexThe greenback was at 95.586 when compared to a basket with its peers.
The Japanese yenThe dollar traded at 115.50 dollars, which is still lower than the levels of below 115 that were seen earlier in this week against the greenback. The Australian dollarIt was $0.7168 at the time of writing, mostly holding onto gains from its rise to below $0.712 in the previous week.
Petroleum prices fell in the early hours of Asia trade, with benchmarks internationally. Brent crude futuresThe barrel price dropped by 0.3% to $91.34 U.S. crude futuresDropping to $89.63/barrel