World

Asia-Pacific stocks slip ahead of Australia's October retail sales data


SINGAPORE — Shares in Asia-Pacific slipped in Friday morning trade, with Australia’s October retail sales data expected later in the day.

The S&P/ASX 200 in Australia fell 0.62% in morning trade, with shares of major miner BHP declining about 0.5%. Australia’s retail sales data for October is set to be released at 8:30 a.m. HK/SIN.

Meanwhile, the Nikkei 225 in Japan shed 0.67% while the Topix index fell 0.61%. South Korea’s Kospi was flat.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.12% lower.

In Covid developments, World Health Organization officials said Thursday they are monitoring a new variant with “a large number of mutations.” A special meeting is scheduled for Friday to discuss its implications for vaccines and treatments.

Stock picks and investing trends from CNBC Pro:

Markets in the U.S. were closed on Thursday for the Thanksgiving holiday.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 96.774 — still above levels below 96.5 seen earlier in the trading week.

The Japanese yen traded at 115.08 per dollar, still weaker than levels below 114.5 seen earlier this week. The Australian dollar was at $0.7175 following yesterday’s drop from levels above $0.72.



READ NEWS SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.