AsiaPacific Stocks Mixed as SP 500 Sails to Record Close


Shares in AsiaPacific were mixed in Friday afternoon trade, following gains overnight on Wall Street that saw the SP 500 sailing to a record closing high. Stocks in Japan were little changed as the Nikkei 225 hovered above the flatline while the Topix sat about 0.1 lower. Over in South Korea, the Kospi edged 0.6 higher. Mainland Chinese stocks declined as the Shanghai composite fell 0.25 while the Shenzhen component slipped 0.515. Hong Kongs Hang Seng index advanced 0.39.

Shares in Australia were higher as the SPASX 200 climbed 0.31. MSCIs broadest index of AsiaPacific shares outside Japan advanced 0.35. Overnight stateside, the SP 500 rose nearly 0.5 to a record closing high of 4,239.18. The Dow Jones Industrial Average climbed 19.1 points to 34,466.24 while the Nasdaq Composite gained 0.78 to 14,020.33. The gains came on the back of the release of a closelywatched U.S. inflation report. U.S. consumer prices jumped 5 in May the fastest pace since August 2008 the U.S. Labor Department reported Thursday. That was higher than a gain of 4.7 forecasted by economists surveyed by Dow Jones.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.991 after swinging around the 90 level for much of this week.

Source FXPro


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