Stocks in Asia-Pacific were mixed on Thursday as investors awaited the release of U.S. inflation data.
Mainland Chinese stocks were mixed on Thursday. The Shanghai Composite added 0.17% to end its trading day at 3,48591. The Shenzhen component dropped 0.733% to close at 13,432.07.
In Hong Kong, the Hang Seng index advanced 0.15% as its final hour of trading. Hong Kong-listed shares of China Evergrande Group gained more than 4%. The company aims to deliver 600,000 apartments this year but was not looking to a fire sale of its assets to clear its debts.
In India, the Nifty gained 0.84% while the BSE Sensex added 0.85%, as of 12:59 p.m. local time.
On Thursday, the Reserve Bank of India’s governor announced that the monetary policy committee voted to keep the repo rate unchanged at 4%.
The central bank’s reverse repo rate, or the rate at which commercial banks lend to the central bank, also remained steady at 3.35%.
In Japan, the Nikkei 225 added 0.42% to finish its closing day at 27,696.08. The Topix index gained 0.53% to close at 1,962.61.
South Korea’s Kospi added 0.11% on the day to 2,771.93.
Australia’s S&P/ASX 200 advanced 0.28% to 7,288.50.
U.S. stocks on Wednesday
U.S. stocks strengthened their positions on Wednesday.
The Nasdaq Composite advanced 2.08% to 14,490.37. The S&P 500 added 1.5% to 4,587.18. Meanwhile, the Dow Jones Industrial Average gained 305.28 points or 0.86% to close at 35,768.06.
On Wednesday, e-commerce stock Spotify added more than 5%, while Etsy advanced 3.8%. DocuSign and Zoom Video gained 5.2% and 4.8%, respectively.
Facebook’s parent company Meta, which pulled back dramatically after issuing disappointing guidance last week, saw its stock bounce 5.4% on Wednesday.
COMMENTS