Hong Kong Hang Seng Index Falls More Than 1% in Mixed Asia-Pacific Trading Day
SINGAPORE – Stocks in Asia-Pacific were mixed in Thursday’s trading, as investors reacted to data releases in Australia and China.
that of Hong Kong Hang Seng Index led losses regionally, declining by around 1.2%, from its last hour of trading.
A private poll published Thursday showed a slowdown in the growth of Chinese services activity in May. The Caixin / Markit Service Purchasing Managers Index for May stood at 55.1 on Thursday, lower than the April reading of 56.3. Still, it was well above the 50 level that separates expansion from contraction.
PMI readings above 50 represent expansion while those below this level signify contraction. PMI readings are sequential and represent month-to-month expansion or contraction.
South Korea Kospi closed 0.72% higher at 3,247.43.
Elsewhere in Japan, the Nikkei 225 gained 0.39% to close at 29,058.11 while the Topix index ended the trading day up 0.84% to 1,958.70.
Australian stocks also closed higher, the S & P / ASX 200 rising 0.59% to 7,260.10. Australian retail sales rose 1.1% month-on-month in April on a seasonally adjusted basis, according to data released Thursday by the country’s Bureau of Statistics.
The MSCI’s largest Asia-Pacific stock index outside of Japan slipped 0.23%.
the US dollar index, which tracks the greenback against a basket of its peers, was at 90.107 after a previous low of 89.887.
the Japanese yen was trading at 109.78 to the dollar, lower than the levels below 109.5 seen against the greenback earlier this week. the Australian dollar changed hands at $ 0.7721, having climbed from levels around $ 0.772 yesterday.
Oil prices were higher in the afternoon of trading hours in Asia, with an international benchmark Brent Crude Futures up 0.38% to $ 71.62 per barrel. U.S. crude futures contracts gained 0.42% to $ 69.12 a barrel.