KURE - Asia-Pacific markets mixed tracking Wall Street losses on weak global sentiment
2023-09-06 02:23:57 ET
Japan +0.63% . In the latest developments, BOJ board member Naoki Tamura said the central bank will maintain current monetary settings for now as it needs more evidence that the 2% inflation target can be met in a sustainable manner.
The currency also faced downward pressure from a strengthening dollar as global economic uncertainties drove investors toward the safety of the greenback.
China +0.08% .
Hong Kong -0.03% .
India -0.07% .
Australia -0.75% . Australian data: Q2 GDP +0.4% q/q (vs. expected +0.3%).
The Ai Group Australian Industry Index increased by 3.1 points to -11.6 in August 2023, remaining in contraction for a 16th consecutive month.
The S&P Global Singapore PMI climbed to 53.6 in August 2023 from July's five-month low of 51.3, pointing to the sixth monthly expansion in private sector activity.
In the U.S. on Tuesday, all three major indexes ended marginally lower . The tech-heavy Nasdaq Composite closed slightly lower by 0.08% at 14,020.95 points. The benchmark S&P 500 retreated 0.42% to settle at 4,496.82 points, while the blue-chip Dow slipped 0.56% to finish at 34,642.10 points.
Traders were cautious ahead of China's economic data, New Zealand's top trading partner's, including inflation and trade data later this week, after Tuesday's private survey showed services sectors in the mainland grew the least in eight months.
Meanwhile, investors remain cautious about stronger oil prices that could add to inflationary pressures, as well as higher US Treasury yields.
WTI crude futures held near $87 per barrel on Wednesday after hitting over ten-month highs in the previous session as OPEC+ majors Saudi Arabia and Russia extended their voluntary supply cuts through the rest of the year.
Gold prices extended losses to hit their lowest level in a week on Wednesday on elevated US dollar, yields.
Spot gold was subdued at $1,925.70 per ounce by 0313 GMT, after posting its biggest one-day loss since Aug. 1 on Tuesday. U.S. gold futures dipped 0.1% to $1,951.
Elsewhere, spot silver was steady at $23.53 per ounce, platinum dipped 0.3% to $923.16 and palladium was up 0.1% at $1,213.46.
Currencies: ( Japanese Yen / US Dollar ( JPY:USD )), ( Chinese Yuan / US Dollar ( CNY:USD )), ( Australian Dollar / US Dollar ( AUD:USD )), ( Indian Rupee / US Dollar ( INR:USD )), ( Hong Kong Dollar / US Dollar ( HKD:USD )), ( New Zealand Dollar / US Dollar ( NZD:USD )).
U.S. stock futures were little changed on Wednesday after the major averages ended lower during Tuesday’s regular session: Dow -0.03% ; S&P 500 -0.09% ; Nasdaq -0.18% .
ETFs: ( JEQ ), ( EWJ ), ( DXJ ), ( FXY ), ( FXI ), ( KWEB ), ( CQQQ ), ( MCHI ), ( ASHR ), ( YINN ), ( TDF ), ( CHIQ ), ( GXC ), ( EWH ), ( KBA ), ( YANG ), ( CXSE ), ( CAF ), ( CWEB ), ( PGJ ), ( KURE ), ( CHIX ), ( CYB ).
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Asia-Pacific markets mixed tracking Wall Street losses on weak global sentiment