SINGAPORE-On Wednesday morning, Asia-Pacific stock markets were mixed, as investors in the Asia-Pacific region looked forward to the release of China’s September trade data.
In Japan, the Nikkei 225 index fell by 0.61%, while the Topix index fell by 0.43%.
Elsewhere, the Korea Composite Index rose 0.25%. As the S&P/ASX 200 rose slightly, the Australian stock market was also in a rising zone.
The MSCI Asia Pacific region’s broadest index outside of Japan has hardly changed.
At the same time, due to inclement weather caused by Typhoon Kangpasu, early trading of securities and derivatives at the Hong Kong Exchanges and Clearing will be cancelled on Wednesday. Earlier, the Hong Kong Observatory announced at around 7:45 am local time that the severe weather warning “will continue to be effective until noon.”
Oil prices fall
Oil prices fell in the morning during the Asian trading session, but were still above US$80 per barrel.
International benchmark Brent crude oil futures fell 0.43% to US$83.06 per barrel. US crude oil futures also fell 0.46% to US$80.27 per barrel.
According to Reuters, China announced a plan to liberalize the pricing of coal-fired power generation on Tuesday because the country faces an energy crisis.
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The U.S. dollar index, which tracks the U.S. dollar against a basket of currencies, reported 94.508 after rebounding from a level below 94.2 earlier this week.
The yen-dollar exchange rate was at 113.53 against the dollar after weakening from below 113.4 yesterday. The Australian dollar was quoted at US$0.7331 against the US dollar, lower than yesterday’s near US$0.738.