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Australia leads to profits as major Asia-Pacific markets mix

SINGAPORE – Shares in the Asia-Pacific region mixed on Thursday morning after the S&P 500 moved up to a record high overnight close.

Shares in Australia led to gains in major markets in the region, with the S&P / ASX 200 up 1.18%.

Mainland China’s markets, on the other hand, have slipped. The Shanghai composite decreased by 0.26%, while the Shenzhen component decreased by 0.258%. Hong Kong’s Hang Seng index rose 0.14%.

In Japan, the Nikkei 225 fell 0.34%, while the Topix index fell 0.69%. Kospi from South Korea traded around the flat line.


7;s broadest Asia-Pacific equity index outside Japan is below the plane.

Overnight, the S&P 500 rose 0.15% to a new closing peak of 4,079.95. The Dow Jones industrial average jumped 16.02 points higher to end its trading day at 33,446.26, while the Nasdaq Composite closed about 0.1% lower at 13,688.84.

Wall Street’s moves came when the US Federal Reserve published minutes of its March meeting, during which it maintained its accommodation policy. The summary of the meeting shows that while officials see the economy gaining significantly, they see much more progress needed before excessive policy changes.

Currencies and oil

The US dollar index, which tracks exchange rates against a basket of its peers, was at 92,474 after falling at the beginning of the week of over 92.8.

The Japanese yen traded at 109.78 per dollar, stronger than the levels above 110.5 against the greenback observed earlier this week. The Australian dollar changed hands to $ 0.7608 after falling from above $ 0.764 yesterday.

Oil prices were lower in the morning in Asian trading hours, as international reference futures for crude Brent fell 0.6% to 62.78 dollars per barrel. US futures also fell 0.65% to $ 59.38 a barrel.

– Jeff Cox of CNBC contributed to this report.

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