Tokyo exchange returns to trade after Thursday hardware failure


SINGAPORE — Stocks in Asia-Pacific traded mixed Friday morning, as investors await the release of Australia’s retail sales figures for August.

In Japan, the Nikkei 225 rose 0.72% in early trade while the Topix index advanced 0.73%. The moves came as the Tokyo Stock Exchange returned to trade on Friday following a halting of trade yesterday caused by a hardware glitch.

Meanwhile in Australia,  the S&P/ASX 200 shed 0.13%.

Overall, the MSCI Asia ex-Japan index traded 0.07% higher.

Australia’s retail sales data for August are set to be released at around 9:30 a.m. HK/SIN on Friday.

Markets in China, Hong Kong, Taiwan, South Korea and India are closed on Friday for holidays.

Overnight stateside, stocks on Wall Street closed higher. The Dow Jones Industrial Average gained 35.20 points, or 0.1%, to 27,816.90. The S&P 500 rose 0.5% 17.80 points, to 3,380.80, while the Nasdaq Composite advanced 1.4% to 11,326.51.

The limited movement in stocks on Wall Street came as investors watched for developments on coronavirus stimulus talks, with a deal remaining elusive following another day of discussions between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.739 after sliding from levels above 94.4 this week.

The Japanese yen traded at 105.56 per dollar, in a trading week that has seen it at levels below 105.4 and above 105.6 against the greenback. The Australian dollar changed hands at $0.7181, following its ascent this week from levels below $0.707.

Currencies slipped in the morning of Asian trading hours, with international benchmark Brent crude futures down 0.54% to $40.71 per barrel. U.S. crude futures also shed 0.54% to $38.51 per barrel.

Here’s a look at what’s on tap:

  • Australia: Retail sales data for August at 9:30 a.m. HK/SIN



Source link

Discover

Sponsor

Latest

How the National University of Singapore has adapted for the pandemic

Tan Eng Chye, president of the National University of Singapore, told CNBC that he does not foresee any return to pre-coronavirus learning. "No I...

AstraZeneca shares drop 6% after company announces ‘routine’ safety pause in coronavirus vaccine trial

AstraZeneca shares fell more than 6% in after-hours trading Tuesday after the company said its late-stage trial for a potential coronavirus vaccine had been...

RCSI unveils public lecture series on Covid-19

The virtual series will tackle physical, mental health issues that arose during the Covid-19 pandemic ...

Peloton, Oracle, Nikola, Domino’s & more

Check out the companies making headlines midday Friday:Peloton — The exercise equipment maker's stock jumped 2.5% after the company handily beat earnings expectations...

Nikola founder Trevor Milton accused of sexual abuse by two women

Two women have come forward with formal sexual assault allegations against Nikola founder Trevor Milton, accusing the 38-year-old billionaire in complaints filed with...