SINGAPORE — Shares in Asia-Pacific were mixed in Friday morning trade as investors await the Bank of Japan’s monetary policy decision expected later today.
Hong Kong’s Hang Seng index dropped 1.74% in early trade. The benchmark index has had a volatile week so far, seeing big losses on Monday and Tuesday before a dramatic turnaround over the next two days.
In mainland China, the Shanghai composite dipped about 0.3% while the Shenzhen component shed 0.504%.
The Nikkei 225 in Japan rose 0.2% while the Topix index gained 0.13%. South Korea’s Kospi dipped 0.11%.
The S&P/ASX 200 in Australia climbed 0.29%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.59% lower.
U.S. President Joe Biden is set to speak with Chinese President Xi Jinping on Friday, with the two leaders to discuss topics such as Russia’s war against Ukraine and competition between the two countries, according to the White House.
Bank of Japan monetary policy decision ahead
Overnight stateside, the S&P 500 jumped 1.23% to 4,411.67. The Dow Jones Industrial Average gained 417.66 points, or 1.23%, to 34,480.76. The Nasdaq Composite climbed 1.33% to 13,614.78.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 97.962 — off levels above 99 seen earlier this week.
The Australian dollar changed hands at $0.7383, having risen in recent days from levels below $0.721.
Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 1.39% to $108.12 per barrel. U.S. crude futures jumped 1.85% to $104.88 per barrel.
Source: CNBC