Official data shows China’s industrial profit growth slowing down in May

SINGAPORE – Stock in Asia-Pacific was mixed in Monday morning trade. Meantime, official data showed that China’s industrial profits for May slowed down.

Nikkei 225 in Japan lost 0.15% in soon trade while the Topix index gained 0.16%. Kospi. of South Korea also fell 0.12%.

Australian stocks were small changed, as the S&P / ASX 200 traded around the flatline.

The broader MSCI index of Asia-Pacific shares outside Japan was trading slightly below.

Data released on Sunday by the Chinese National Office of Statistics showed that the profits of Chinese industrial companies increased by 36.4% in May in comparison with a year before. That was a 57% slowdown year-on-year growth posted in April.

Currencies and oil

The United States dollar index, which follows the greenback against A basket of his peers, he was at 91,783 after a decline earlier this month from above 92.1.

The Japanese yen was trading at 110.83 per dollar after last weakening of the week from below 110.4 against the greenback. The Australian dollar changed hands at $ 0.7588 later rising last week from below $ 0.756.

Oil prices were higher in the morning of Asia trading hours, with international future on the reference Brent crude oil up 0.24% at $ 76.36 per barrel. US crude oil futures gained 0.22% to $ 74.21 a barrel.

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