S&P 500 continued to peak, Asian stocks dropped
The red color still covered Asia-Pacific stocks in the morning session of April 9, regardless of Wall Street last night which continued to see the S&P 500 closing and setting a new record.
|The Shanghai Composite Index fell 0.5% in the morning session of April 9. Photo: AFP|
On the Hong Kong market, the Hang Seng index fell 0.48% in this morning’s trading session. On the first day of the launch in Hong Kong, cFintech (fintech) Linklogis, backed by tech giant Tencent, jumped 8% this morning from the issue price. Meanwhile, Tencent’s shares also rose but not significantly.
Mainland China stocks this morning “tinged red” after the country’s inflation information was published. In which, Shanghai Composite index slipped 0.5% while Shenzhen Component decreased 0.71%.
According to the official data released this morning April 9, China’s consumer price index (CPI) and producer price index (PPI) in March increased over the same period last year. Specifically, the CPI in March rose 0.4% from the previous year, higher than the expectation of 0.3% increase predicted by experts in a recent Reuters poll, while the PPI in March rose by 4. , 4% year on year, exceeding the 3.5% prediction.
Japanese stocks this morning reversed the region’s flow when both major indices increased. The Nikkei 225 index recorded a gain of 0.54% while the Topix index rose 0.61%. On the Korean market, the Kospi fell 0.25%, while In Australia, the S & P / ASX 200 fell 0.35%. Overall, the MSCI Asia-Pacific (excluding Japan) fell 0.25% in this morning’s trading session.
Wall Street continued to see the S&P 500 index added 0.42% to the close at a record 4,097.17 points. Thus, the S&P 500 has set two consecutive record milestones in this week. In the previous session, the S&P 500 surpassed 4,000 points and closed at 4,079.95 points after increasing 0.15%.
The Dow Jones Industrial Average last night also rose 57.31 points and ended at 33,503.57 points while the tech-oriented Nasdaq Composite index closed up 1.03% to 13,829.31.
The money market continued to record the greenback’s depreciation. The US dollar index against other major currencies continued to decline to 92,061, from 92.4 previously recorded. Japanese Yen inched up and converted 109.28 JPY / USD, compared to the level above 109.5 JPY for 1 USD set yesterday, while the Australian dollar also strengthened and changed hands at 1 AUD “eat” 0, $ 7644, compared with $ 1 / $ 0.76 recorded for the week.
Oil prices traded by Asian time this morning inched slightly. Brent crude oil futures prices rose slightly and traded around $ 63.24 / barrel, while US crude futures rose 0.27% to $ 59.76 / barrel.