SINGAPORE — Stocks in Asia-Pacific mostly traded lower Monday morning as investors look ahead to the release of key Chinese economic data.
In mainland China, the Shanghai composite slipped 0.23% while the Shenzhen component declined 0.627%. The Hang Seng index in Hong Kong was flat.
Chinese economic data, including the country's third-quarter gross domestic product and September retail sales, is set to be out at 10:00 a.m. HK/SIN on Monday.
Elsewhere, the Nikkei 225 in Japan shed 0.29% while the Topix index declined 0.32%. South Korea's Kospi fell 0.34%.
Shares in Australia outperformed, with the S&P/ASX 200 advancing 0.29%.
MSCI's broadest index of Asia-Pacific shares outside Japan traded little changed.
U.S. crude tops $83 per barrel
Oil prices were higher in the morning of Asia trading hours, with U.S. crude futures gaining 1.25% to $83.31 per barrel. International benchmark Brent crude futures rose 0.91% to $85.63 per barrel.
Shares of oil companies also advanced in Monday trade, with Australia's Beach Energy up 2.42% while Santos climbed 0.68%. In Japan, Inpex's stock surged 4.15%. Hong Kong-listed shares of CNOOC also gained 0.69%.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.005 after a recent weakening from above 94.2.
The Japanese yen traded at 114.11 per dollar, having weakened late last week from below 114.1 against the greenback. The Australian dollar changed hands at $0.7414, largely holding on to gains after last week's climb from below $0.732.
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October 18, 2021 at 06:38AM
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Asia-Pacific stocks slip as investors await China's third-quarter GDP print - CNBC
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