China September commerce knowledge, IMF progress forecast, oil
SINGAPORE – Asia-Pacific stocks traded mixed on Wednesday morning as Asia-Pacific investors expected the release of China’s September trading data.
In Japan, the Nikkei 225 lost 0.18% while the Topix index lost 0.28%.
Mainland stocks were mixed, with the Shanghai composite slightly lower and the Shenzhen component up 0.398%.
Elsewhere, South Korea’s Kospi gained 1.07%. Australian stocks were also in positive territory as the S&P / ASX 200 rose 0.11%.
MSCI’s broadest index for Asia Pacific stocks outside of Japan traded 0.16% higher.
Hong Kong trading is slated to cease on Wednesday due to thunderstorms caused by Typhoon Kompasu.According to the rules of the Hong Kong Stock Exchange, all trading sessions will be canceled if this storm signal or higher alert persists at 12:00 p.m. local time.
Oil prices were subdued on the morning of Asian trading hours, although they were still above $ 80 a barrel.
The international benchmark Brent crude oil futures were largely unchanged at $ 83.43 a barrel. The US crude oil futures were also barely changed at USD 80.65 per barrel.
China announced plans to liberalize coal electricity prices on Tuesday, Reuters reported, as the country faces an energy crisis.
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The US dollar index, which tracks the greenback versus a basket of its competitors, hit 94.403 after rebounding from below 94.2 earlier in the week.
The Japanese yen was trading at 113.39 per dollar after weakening below 113.4 against the greenback yesterday. The Australian dollar was trading at $ 0.7335, which was around $ 0.738 yesterday.