Asia Pacific stocks slide; investors continue to monitor Chinese equities

SINGAPORE – Shares in The fall of Asia-Pacific in Wednesday morning trade, after the main indices on Wall Street slipped overnight from their respective record touched in the previous session.

In Japan, the Nikkei 225 declined 0.82% in soon trade while the Topix index lost 0.48%. South Korea’s Kospi loses 0.13%.

The S & P / ASX 200 in Australia lost 0.11%. Australians second-quarter consumer price the index is set in exit at 9:30 HK / SIN on Wednesday.

The broader MSCI index of Asia-Pacific shares outside Japan was traded in drop of 0.13%.

Investors will continue to monitor the Chinese shares following a selloff this week that brought Hong Kong’s Hang Seng index tumbling more 8% in two days.

Actions of Shares of Apple Suppliers in Asia-Pacific were also watched by investors after the tech giant warned that chip supply constraints could impact this iPhone and iPad quarter.

Wednesday morning trade, shares of Murata Manufactory in Japan fell 1.2% while South Korea’s LG Display gained 0.67% higher.

Stock picks and investment trends from CNBC Pro:

Overnight in the US, the Dow Jones Industrial Average fell 85.79 points at 35,058.52 while the S&P 500 lost 0.47% to 4,401.46. The Nasdaq Composite fell 1.21% to 14,660.58.

Currencies

The United States dollar index, which follows the greenback against A basket of his peers, he was at 92,457 following a recent one drop from above 92.7.

The Japanese yen was trading at 109.81 per dollar, stronger than visa levels above 110.4 against the greenback earlier this week. The Australian dollar changed hands at $ 0.7365, above levels below $ 0.732 visas last week.

Oil prices were higher in the morning of Asia trading hours, with international future on the reference Brent crude oil up from 0.3% to 74.70 dollars a barrel. US crude oil futures gained 0.47% to $ 71.99 a barrel.

Here’s a look at what’s there on faucet:

  • Australia: Second quarter consumer price index at 9:30 HK / SIN

Read More About Business News around the World here!

Source

Leave a Reply