SINGAPORE — Stocks in Asia-Pacific mostly declined Friday morning, as data showed Australia’s retail sales falling in August.
In Australia, the S&P/ASX 200 shed 0.91%. Australia’s retail sales data for August fell 4% on a seasonally adjusted basis, according to data from the country’s Bureau of Statistics. That followed a rise of 3.2% in July.
In Japan, the Nikkei 225 rose 0.13% in morning trade while the Topix index sat below the flatline. The Tokyo Stock Exchange returned to trade on Friday following a halting of trade yesterday caused by a hardware glitch.
Singapore’s Straits Times index also slipped about 0.1%.
Overall, the MSCI Asia ex-Japan index traded 0.12% lower.
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 93.795 after sliding from levels above 94.4 this week.
The Japanese yen traded at 105.57 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 $0.7167, following its ascent this week from levels below $0.707.
Oil prices slipped in the morning of Asian trading hours, with international benchmark Brent crude futures down about 1% to $40.51 per barrel. U.S. crude futures also shed 1.06% to $38.31 per barrel.
Source: CNBC