Asia-Pacific stocks mostly fall; Bank of Japan rate decision ahead


SINGAPORE — Shares in Asia-Pacific mostly fell in Friday morning trade as investors await the Bank of Japan’s monetary policy statement.

The Nikkei 225 in Japan fell 0.84% in morning trade while the Topix index slipped fractionally. South Korea’s Kospi declined 0.52%.

In mainland China, the Shanghai composite dipped 0.15% while the Shenzhen component shed 0.589%. The Hang Seng index in Hong Kong advanced 0.16%.

Australia’s S&P/ASX 200 edged about 0.1% lower.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.32% lower.

Looking ahead, the Bank of Japan is set to release its monetary policy statement at 11:00 a.m. HK/SIN on Friday, which will include its interest rate decision.

Stock picks and investing trends from CNBC Pro:

Overnight stateside, the S&P 500 shed 0.33% to 4,360.03 while the Nasdaq Composite dipped 0.7% to 14,543.13. The Dow Jones Industrial Average advanced 53.79 points to 34,987.02.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.607 after a recent bounce from below 92.4.

The Japanese yen traded at 109.94 per dollar, stronger than levels above 110.4 seen against the greenback earlier this week. The Australian dollar changed hands at $0.7424 following a decline from around $0.748 yesterday.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping fractionally to $73.42 per barrel. U.S. crude futures were little changed, trading at $71.64 per barrel.

Here’s a look at what’s on tap:

  • Japan: Bank of Japan monetary policy statement at 11:00 a.m. HK/SIN

Source link

Previous articleMaharashtra to allow fully vaccinated passengers to enter state without RT-PCR report
Next articleToofan Movie Review: Farhan Akhtar’s Compelling Dongri Dada to Boxing Bull Arc Fails to Create Spark
SATARK NEWS ENGLISH was launched in 2020. And in just a few months, it became the famous English news website in India and abroad. And now we publish with three different languages English, Hindi, and Urdu.