Home » Asia-Pacific stocks mixed as oil jumps; RBA rate decision ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade as investors look ahead to the Reserve Bank of Australia’s latest rate decision.
In Japan, the Nikkei 225 slipped 0.1% while the Topix index shed 0.35%.
South Korea’s Kospi edged fractionally lower. Elsewhere, Australia stocks rose as the S&P/ASX 200 advanced 0.76%.
In Southeast Asia, Singapore’s Straits Times index climbed 0.34%. Markets in Hong Kong and mainland China are closed on Tuesday for a holiday.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.15% higher.
Oil prices were higher in the morning of Asia trading hours on Tuesday, with international benchmark Brent crude futures up 1.54% to $109.19 per barrel. U.S. crude futures climbed 1.55% to $104.88 per barrel.
Oil prices jumped on Monday as investors braced for the prospect of more Western sanctions on Russia following allegations of civilian massacres near Ukrainian towns.
The European Union’s new sanctions on Russia are likely to…
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