SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September.
In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%.
Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.398%.
Elsewhere, South Korea's Kospi advanced 1.07%. Australian stocks were also in positive territory as the S&P/ASX 200 rose 0.11%.
MSCI's broadest index of Asia-Pacific stocks outside Japan traded 0.16% higher.
Trading in Hong Kong is set to be cancelled on Wednesday because of severe weather due to Typhoon Kompasu, with the Hong Kong Observatory issuing an alert that the "Storm Signal No. 8" is set to remain in force up to 4 p.m. According to the Hong Kong exchange's rules, all trading sessions will be cancelled if that storm signal or a higher alert level remains in place at 12:00 p.m. local time.
Oil moves
Oil prices were muted in the morning of Asia trading hours, although they still remained elevated above $80 per barrel.
International benchmark Brent crude futures were largely flat at $83.43 per barrel. U.S. crude futures also stood little changed at $80.65 per barrel.
China on Tuesday announced plans to liberalize coal-fired power pricing, Reuters reported, as the country faces a energy crisis.
Overnight stateside, the Dow Jones Industrial Average fell 117.72 points to 34,378.34 while the S&P 500 declined 0.24% to 4,350.65. The Nasdaq Composite shed 0.14% to around 14,465.93.
Those losses on Wall Street came after the International Monetary Fund slashed its global growth forecast for 2021, citing supply disruptions and the pandemic.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.403 after bouncing from levels below 94.2 earlier in the week.
The Japanese yen traded at 113.39 per dollar following yesterday's weakening from below 113.4 against the greenback. The Australian dollar was at $0.7335, off levels around $0.738 seen yesterday.
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October 13, 2021 at 06:40AM
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Asia-Pacific stocks mixed; China's trade data for September ahead - CNBC
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