SINGAPORE – Asia-Pacific shares were mixed on Wednesday ahead of trade data from China and central bank decisions in the region. Investors are also eagerly waiting for the US inflation report for June.
of japan Nikkei 225 Up 0.48%, and Topix Index up 0.43%
in South Korea, kospi was up 0.39% and the Kosdaq 0.32% higher.
S&P/ASX 200 Australia was 0.2% lower.
MSCI’s broadest index of Asia-Pacific shares outside Japan was just above the flatline.
Chinese trade data is due on Wednesday. A Reuters poll predicts that exports will increase by 12%, while imports will increase by 3.9%.
According to a Reuters poll, the Bank of Korea is expecting a 50 basis point increase in interest rates for the first time. The Reserve Bank of New Zealand is also set to increase rates by half a point.
Thailand’s stock exchange is closed for a holiday on Wednesday.
Major Indexes in the US During the trading day before the low close.
The Dow Jones Industrial Average fell 192.51 points, or 0.62%, to 30,981.33, while the S&P 500 fell 0.92% to 3,818.80. The Nasdaq Composite slipped 0.95% to close at 11,264.73.
The US will report consumer price index data on Wednesday, and markets are anticipating heated inflation, which will keep the Fed firmly on its hiking path.
US Dollar IndexThe greenback, who tracks against a basket of his teammates, was at 108.176 after falling down 108.
Japanese yen After trading above 137 against the greenback earlier this week, it changed hands slightly at 136.73 per dollar. Australian Dollar Was at $0.6745, struggling for gains after the recent decline.
euro strike a par with U.S. Dollar On Tuesday, for the first time in 20 years, Europe’s energy supply concerns and economic troubles weakened with the common currency, while the safe-haven greenback was backed by global growth concerns.
The euro was last at 1.0032.
Both the benchmarks lost over 7% in the previous session.
— CNBC’s Samantha Subin, Sarah Minn, Sam Meredith, Elliot Smith and Carmen Renicke contributed to this report.