SELECT LANGUAGE BELOW

Asia-Pacific stocks mostly fall as investors assess a slew of economic data from the region – CNBC

According to the Economist Intelligence Unit, Osaka in Japan is the 43rd and most expensive city to live in.

mlenny | E+ | Getty Images

Stocks in the Asia-Pacific region were mostly down on Wednesday, breaking the ranks on Wall Street S&P 500 Closes at record highs as investors appear to be headwinds of past tariffs and inflation.

The Japanese benchmark Nikkei 225 fell 0.43%, and the broader Topix index fell 0.34% as it reported a two-year trade deficit.

Business sentiment from Japanese manufacturers rose in the second month of February. The manufacturer's sentiment index rose from plus 2 in January to plus 3 (the highest level since November).

In Korea, Kospi was trading 1.89% higher, while the small Kosdaq went 0.61% higher.

Mainland China's CSI 300 index rose 0.39% in choppy trade. Hong Kong's Hang Seng Index fell 0.28%.

Indian stocks continued to decline with a 0.25% decline in benchmark NIFTY 50 trading, while the BSE Sensex index fell 0.45%.

Australia S&P/ASX 200 The next day the country's central bank dropped by 0.78% 25 basis points reduction Mark the first mitigation since 4.10% November 2020.

The Reserve Bank of New Zealand has cut it by 50 basis points at the policy meeting to 3.75%, in line with Reuters estimates. It marks the fourth straight cut of the central bank and comes as its economy slows down.

The New Zealand dollar weakened by 0.3% against the US dollar to 0.5716.

Overnight in the US, all three indexes rose, and the S&P 500 was closed at record highs after the stock was repeated seconds before the closure bell. After touching on the intraday record of 6,129.63 before the final bell, the broad market index rose 0.24% until the record end of 6,129.58. The NASDAQ Composite rose 0.07% at 20,041.26, but the Dow Jones industrial average ended the session at 44,556.34, adding 10 points (0.02%).

The energy sector was the best performer in the S&P 500, rising 1.9%, but also checked tech stocks.

– CNBC's Brian Evans and Sarah Minh contributed to this report.

Facebook
Twitter
LinkedIn
Reddit
Telegram
WhatsApp

Related News