SINGAPORE — Shares in Asia-Pacific were mixed as investors in Asia-Pacific monitor coronavirus developments.
Mainland Chinese stocks were mixed in early trade, with the Shanghai composite fractionally lower while the Shenzhen component up 0.12%. Hong Kong's Hang Seng index shed 0.35%.
In Japan, the Nikkei 225 were fractionally higher while the Topix index dipped 0.24%. South Korea's Kospi also shed 0.29%.
Meanwhile, shares in Australia declined, with the S&P/ASX 200 slipping 0.36%.
MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.27% lower.
Semiconductor-related stocks in Asia-Pacific slipped in Friday morning trade after chipmaker Intel reported mixed quarterly numbers.
In Japan, shares of Tokyo Electron dropped about 2% while Advantest fell more than 1%. In South Korea, industry heavyweight Samsung Electronics saw its stock decline 0.33% while chipmaker SK Hynix shed 0.36%
On the coronavirus front, the U.S. Food and Drug Administration on Thursday approved Gilead Sciences' antiviral drug remdesivir for the virus. The intravenous drug has helped shorten the recovery time of some hospitalized Covid-19 patients.
House Speaker Nancy Pelosi said Thursday a deal on new coronavirus stimulus was "just about there" though she warned that passing it into law will take time as she and the Trump administration attempt to iron out remaining issues.
Overnight on Wall Street, the Dow Jones Industrial Average closed 152.84 points higher, or 0.5%, at 28,363.66. The S&P 500 added 0.5% to finish its trading day at 3,453.49 while the Nasdaq Composite closed 0.2% higher at 11,506.01.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.034 following a recovery from levels below 92.8 in recent days.
The Japanese yen traded at 104.76 per dollar, having weakened from levels around 104.5 against the greenback yesterday. The Australian dollar changed hands at $0.7123 following its rise from levels below $0.705 earlier this week.
Oil prices were little changed in the morning of Asian trading hours, with international benchmark Brent crude futures above the flatline, trading at $42.47 per barrel. U.S. crude futures were flat at $40.64 per barrel.
— CNBC's Berkeley Lovelace Jr. contributed to this report.
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October 23, 2020 at 06:38AM
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Asia-Pacific stocks mixed as investors monitor coronavirus developments - CNBC
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