Asian stocks were mixed on the threshold of Australia’s interest rate decision
Major stock indexes of Asia-Pacific recorded conflicting developments in this morning session on May 4, on the eve of the Australian Central Bank’s announcement of the interest rate decision.
|Hong Kong’s Hang Seng Index edged up 0.2% in the morning session on May 4. Documentary photo: AFP|
Hong Kong’s Hang Seng Index this morning inched slightly 0.2%, of which, notably, shares of AIA life insurance company recorded a 1% increase. Mainland China stock markets and Japan stock markets are closed for a holiday today.
On the Korean market, the Kospi decreased by 0.39%, while Australian stocks recorded the green color with the S & P / ASX 200 index up 0.18%. Overall, the MSCI Asia-Pacific (excluding Japan) still slipped slightly by 0.06%.
Australia Central Bank is expected to announce the interest rate decision at noon this afternoon (Hong Kong / Singapore time).
Meanwhile, the official figures are Australian Bureau of Statistics This morning’s announcement showed a trade surplus March Australia decreased to 5.574 billion Australian dollars (equivalent to 4.31 billion USD). This is down more than A $ 2 billion from the trade surplus recorded in February, and well below the A $ 8 billion level economists forecast with Reuters.
Investors continued to cautiously observe the situation of Covid-19 in India this morning. According to an assessment of the World Health Organization (WHO) last week, 1 out of 3 cases of Covid-19 infection in the world are from India. The Covid-19 translation in India has initially had a positive change. The Indian Ministry of Health said that the number of Covid-19-positive cases tested on May 3 for the first time decreased since April 15.
US stocks last night also recorded mixed movements. The Dow Jones industrial average rose 238.38 points and closed at 34,113.23 points while the S&P 500 index edged up 0.27% to 4,192.66 points. In contrast, the index leaning toward the Nasdaq Composite technology pulled back after falling 0.5% to 13,895.12 points.
On the currency markets, the US dollar index against other major currencies rose to 91,095, from 90,986 recorded earlier. Japanese Yen depreciated and converted 109.25 JPY / USD, compared with 108.6 JPY / USD set last week, while Australian dollar continued to inch up to 1 AUD for 0.774 USD, from 1 AUD / 0.772 USD set yesterday.
Oil traded on Asian time this morning rose. Futures Brent crude oil futures inched up 0.25% and traded at $ 67.73 / barrel, while the US crude futures price rose 0.26% to $ 64.66 / barrel.