The rise of the S&P 500 was interrupted, Japanese and Korean stocks were quiet

Asia-Pacific stocks were mixed on February 10 trading after Wall Street’s rally was cut off last night.

Japan’s Nikkei 225 index slipped 0.15% in the afternoon session on February 10. Photo: AFP

Mainland Chinese stocks this afternoon kept the green with the Shanghai Composite Index rising 1.03% while the Shenzhen Component Index gained 1.891% higher. On the Hong Kong market, the increase in the Hang Seng Index reached 1.74%.

China’s inflation in January 2020 has decreased. According to the latest release of the National Bureau of Statistics of China, the consumer price index (CPI) in January decreased by 0.3% over the same period last year, while the producer price index (PPI) increased by 0. , 3%.

Japanese stocks were mixed this afternoon, with the Nikkei 225 index slipping 0.15 percent while the Topix index rose 0.23 percent.

Japanese car industry has a new transformation. Shares of Toyota rose 2.04% while auto parts supplier Denso edged up 0.27%. The two shares rose after autonomous vehicle startup Aurora announced it would partner with the two companies to “build and deploy self-driving cars on a global scale”. Earlier, Aurora acquired Uber’s self-propelled vehicle development unit Advanced Technologies Group (ATG) in December 2020. This $ 4 billion deal is expected to be completed in the first quarter of 2021.

Meanwhile, shares of Nissan increased 2.83% after CEO Makoto Uchida reaffirmed the importance of electric vehicles for the company’s future. CEO Makoto Uchida said Nissan will seek to 100% electrify new models by the early 2030s in some key markets.

Uchida also said that Nissan is working with suppliers to minimize the impact of the global shortage of semiconductors that is seriously affecting the auto industry.

Korean stocks were quiet today with the Kospi index moving sideways, while Australian stocks flourished with the S & P / ASX 200 up about 0.6%. Overall, the MSCI Asia-Pacific (excluding Japan) rose 0.77%.

US stocks were mixed last night, with the S&P 500 index ending a series of six consecutive gaining sessions after slipping 0.1% to 3,911.23 points. The Dow Jones industrial average slid 9.93 points to 31,375.83, while the Nasdaq Composite rose 0.1 percent to close at a record 14,007.70.

On the currency market, the greenback today slipped compared to the beginning of the week. The US dollar index against other major currencies fell to 90,403, from 91.2 recorded earlier this week. Meanwhile, the Japanese Yen weakened and converted 104.53 JPY / USD, compared with 105.2 JPY / USD recorded earlier, while the Australian dollar strengthened and changed hands 1 AUD / 0.774 USD.

Oil prices on the Asian market this afternoon fell, with Brent for futures slipping 0.11% to $ 61.02 / barrel while US crude futures prices fell 0.24% to $ 58.22 / barrel. bin.

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