Asia-Pacific shares mixed as investors await China industrial, retail figures

SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors await the release of Chinese economic data.

In Japan, the Nikkei 225 dipped 0.3% in morning trade while the Topix index advanced 0.16%. South Korea’s Kospi edged 0.12% lower.

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.

Currencies and oil

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.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.29% to $68.91 per barrel. U.S. crude futures advanced 0.32% to $65.58 per barrel.

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
Checkout latest world news below links :
World News || Latest News || U.S. News

Source link

Back to top button
SoundCloud To Mp3