SINGAPORE — Shares in major Asia-Pacific markets were mostly lower in Wednesday trade, as investors reacted to the release of Chinese inflation data.
Mainland Chinese stocks were higher by the afternoon, with the Shanghai composite climbing 0.4% while the Shenzhen component advanced 0.185%. Hong Kong's Hang Seng index dipped roughly 0.1%.
On the economic data front, official data released Thursday showed China's producer price index for May jumped 9% from a year earlier, against expectations in a Reuters poll for a 8.5% increase. The country's consumer price index in May rose 1.3% from a year earlier, lower than an expected 1.6% rise in a Reuters poll.
In Japan, the Nikkei 225 shed 0.33% while the Topix index dipped 0.2%.
South Korea's Kospi also declined 0.56%. The S&P/ASX 200 in Australia fell 0.23%.
MSCI's broadest index of Asia-Pacific shares outside of Japan slipped 0.19%.
Meanwhile, the World Bank on Tuesday upgraded its growth forecast, with the global economy now expected to grow 5.6% in 2021. That compared against an earlier forecast in January for a 4% global economic expansion in 2021.
Still, the organization warned in a Tuesday press release that global output will be about 2% below pre-pandemic projections by the end of this year in spite of the recovery.
Overnight on Wall Street, the S&P 500 closed little changed at 4,227.26. The Dow Jones Industrial Average shed 30.42 points to 34,599.82 while the Nasdaq Composite advanced 0.31% to 13,924.91.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.084 — hovering above the 90 level that it fell below earlier in the week.
The Japanese yen traded at 109.46 per dollar, weaker than levels around 109.2 seen against the greenback earlier this week. The Australian dollar changed hands at $0.774, as compared with levels around $0.776 seen earlier in the trading week.
Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures rising 0.5% to $72.58 per barrel. U.S. crude futures gained 0.56% to $70.44 per barrel.
"may" - Google News
June 09, 2021 at 06:39AM
https://ift.tt/2TcvrfE
Asia-Pacific stocks mostly slip; China's producer inflation data for May comes in higher than expected - CNBC
"may" - Google News
https://ift.tt/3foH8qu
https://ift.tt/2zNW3tO
Bagikan Berita Ini
0 Response to "Asia-Pacific stocks mostly slip; China's producer inflation data for May comes in higher than expected - CNBC"
Post a Comment