- August 9, 2022
- By: Admin1_blog
- Asia Market, Indices
Key Points
- Shares in the Asia-Pacific were lower Tuesday on a quiet data day as markets continue to digest last week’s stellar U.S. jobs report.
- SoftBank’s Vision Fund reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter on Monday after the market close.
- Singapore and India markets are closed for a holiday on Tuesday.
SINGAPORE — Shares in the Asia-Pacific were lower Tuesday on a quiet data day as markets continue to digest last week’s stellar U.S. jobs report.
SoftBank Group stock fell more than 4% after its Vision Fund reported a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter on Monday after the market close. The tech-focused fund has suffered as central banks raise interest rates to fight inflation.
The Nikkei 225 in Japan dropped 0.93% and the Topix index was down 0.75%.
South Korea’s Kospi inched 0.43% lower while the Kosdaq shed 0.4%.
In Australia, the S&P/ASX 200 was little changed.
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Hong Kong’s was fractionally lower, though heavyweight
rose more than 1%.
Alibaba has applied to change its Hong Kong listing status to primary from secondary, the company said in a statement on the Hong Kong Exchange. The Hong Kong Stock Exchange acknowledged the application on Aug. 8. The change will likely take effect before the end of 2022.
The tech giant first announced its plans for a dual primary listing in Hong Kong last month.
Mainland China markets slipped. The Shanghai Composite lost 0.22% and the ShenZhen Component fell 0.33%.
MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.23%.
In economic data, investors are looking ahead to the U.S. consumer price index data due Wednesday stateside.
Singapore and India markets are closed for a holiday on Tuesday.
Overnight in the U.S., the S&P 500 dipped 0.12% to 4,140.06 and the Nasdaq Composite shed 0.1% to 12,644.46. The Dow Jones Industrial Average rose slightly to close at 32,832.54.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 28025.76 | -223.48 | -0.79 |
| .HSI | Hang Seng Index | *HSI | 19931.1 | -114.67 | -0.57 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 7021.1 | 0.5 | 0.01 |
| .SSEC | Shanghai | *SHANGHAI | 3240.42 | 3.49 | 0.11 |
| .KS11 | KOSPI Index | *KOSPI | 2484.36 | -8.74 | -0.35 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 8062.33 | -73.57 | -0.9 |
Currencies and oil
The U.S. Dollar Index, which measures the currency against a basket of six foreign currencies, was at 106.367, slightly lower after its recent jump to nearly 107.
“Continued hawkish messages from the Fed and a strong CPI result can support the USD,” Kristina Clifton, an economist at Commonwealth Bank of Australia, wrote in a Tuesday morning note.
The Japanesse Yen traded at 134.73 per dollar following a sharp weakening after last week’s strong U.S. jobs report.
The Australian Dollar was at $0.6977. It briefly climbed above $0.70 overnight.
Oil futures settled nearly 2% higher on Monday’s session. U.S. West Texas Intermediate Futures were 0.67% lower on Tuesday in Asia, at $90.15 per barrel, while Brent Crude shed 0.63% to $96.04 per barrel.
Source : CNBC
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