SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors look ahead to the end of the U.S. Federal Reserve's two-day meeting for clues on tapering.
The S&P/ASX 200 in Australia jumped about 1% as shares of BHP and Westpac rose about 1% each. Elsewhere in South Korea, the Kospi declined 0.3%.
MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.05% higher.
Markets in Japan are closed on Wednesday for a holiday.
The Federal Reserve concludes its two-day meeting on Wednesday stateside, with investors watching out for details surrounding any scaling back of the amount of bonds the central bank buys each month.
A private survey on Chinese services activity in October is also expected to be out on Wednesday, with the Caixin/Markit services Purchasing Managers' Index due 9:45 a.m. HK/SIN.
Wall Street rises to record highs again
Overnight on Wall Street, the S&P 500 climbed 0.37% to 4,630.65 while the Dow Jones Industrial Average advanced 138.79 points to 36,052.63. The Nasdaq Composite rose 0.34% to 15,649.60.
Tuesday marked the third session in a row where all three major averages stateside closed at a record.
Oil prices slip
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.86% to $83.99 per barrel. U.S. crude futures dropped 1.29% to $82.83 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.109 after a recent climb from levels below 93.9.
The Japanese yen traded at 113.93 per dollar, weaker than levels below 113.6 seen against the greenback yesterday. The Australian dollar changed hands at $0.7433 after yesterday's drop from above $0.752.
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November 03, 2021 at 06:40AM
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Asia-Pacific stocks mixed as investors look ahead to Fed announcement - CNBC
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