Asia Pacific Mixed Stocks; RBA interest rate decision ahead


SINGAPORE – Asia-Pacific stocks were mixed in trading on Tuesday after major Wall Street indices rose to all-time closing highs overnight in the United States.

The Nikkei 225 in Japan fell 0.88% while the Topix index was down 0.79%. South Korea’s Kospi also lost 0.46%.

Mainland Chinese stocks changed little, with the Shanghai composite and Shenzhen component slightly lower.

China’s service sector activity grew in March, according to a private sector survey released Tuesday. The Caixin / Markit Service Purchasing Managers Index for March was 54.3, compared to February’s reading of 51.5.

PMI readings above 50 represent expansion, while those below that level signify contraction. The PMI readings are sequential and represent a month-to-month expansion or contraction.

In Australia, the S & P / ASX 200 advanced 0.78%. The Reserve Bank of Australia will announce its decision on interest rates around 12:30 pm HK / SIN on Tuesday.

MSCI’s broader Asia-Pacific equity index outside of Japan traded 0.24% higher.

Hong Kong markets are closed on Tuesdays for holidays.

Overnight on Wall Street, the Dow Jones Industrial Average rose 373.98 record points to close at 33,527.19. The S&P 500 also posted a record close, rising 1.44% to 4,077.91. The high-tech Nasdaq Composite gained 1.67% to end its trading day at 13,705.59.

Coins and oil

The US dollar index, which tracks the dollar against a basket of its peers, was at 92.614, lower than previously seen levels above 93.

The Japanese yen was trading at 110.26 to the dollar, weaker than levels around 109.5 against the dollar seen last week. The Australian dollar changed hands at $ 0.7646 after bouncing yesterday from around $ 0.76.

Oil prices rose in the morning of Asian business hours, with international benchmark Brent crude futures rising 1.09% to $ 62.83 a barrel. US crude futures rose 1.16% to $ 59.33 a barrel.

Here’s a look at what’s available:

  • Australia: Reserve Bank of Australia interest rate decision at 12:30 pm HK / SIN

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