Home World Asia-Pacific stocks struggle for direction after S&P 500 ends winning streak on Wall Street

SINGAPORE — Shares in Asia-Pacific struggled for direction in Thursday morning trade after the S&P 500 on Wall Street snapped its two-day winning streak overnight.

Mainland Chinese stocks slipped in early trade, with the Shanghai composite down 0.28% while the Shenzhen component dipped 0.344%. Over in Hong Kong, the Hang Seng index advanced 0.36%.

In Japan, the Nikkei 225 hovered above the flatline while the Topix index slipped 0.11%.

South Korea’s Kospi gained 0.35%. Meanwhile, the S&P/ASX 200 in Australia declined 0.42%.

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

Overnight stateside, the S&P 500 slipped 0.11% to 4,241.84, ending a two-day winning streak. Still, the index sits 0.4% from an all-time high. The Dow Jones Industrial Average shed 71.34 points to 33,945.59 while the Nasdaq Composite rose 0.13% to 14,271.73.

Stock picks and investing trends from CNBC Pro:

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.806 after an earlier recovery from below 91.7.

The Japanese yen traded at 111.02 per dollar, having weakened earlier this week from below 110 against the greenback. The Australian dollar changed hands at $0.7567, above levels below $0.752 seen earlier in the week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures slipping fractionally to $75.13 per barrel. U.S. crude futures shed 0.1% to $73.01 per barrel.

Source: CNBC

You may also like