SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors await the release of Chinese economic data.
Mainland Chinese stocks were higher, with the Shanghai composite up 0.39% while the Shenzhen component jumped 1.061%. A slew of Chinese economic data, including the country’s industrial production and retail sales for April, is expected to be out at 10:00 a.m. HK/SIN on Monday.
Over in Australia, the S&P/ASX 200 gained 0.54%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.14% higher.
Meanwhile, investors also monitored the price of bitcoin after Tesla CEO Elon Musk implied in a Twitter exchange Sunday that the electric vehicle maker sold or may sell the rest of its holdings in the cryptocurrency.
The price of bitcoin was at $45,142.89, as of 9:33 p.m. ET Sunday, according to data from Coin Metrics.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.378 after a recent decline from above 90.8.
The Japanese yen traded at 109.33 per dollar, having weakened last week from levels below 109 against the greenback. The Australian dollar changed hands at $0.7763, following last week’s decline from levels above $0.78.
Here’s a look at what’s on tap:
- China: Fixed asset investment, industrial production and retail sales data for April at 10:00 a.m. HK/SIN
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