Oil Stocks- Australia stocks jump 1% in mixed Asia-Pacific trading day
SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade, with Australian stocks leading gains regionally.
The S&P/ASX 200 jumped 1.1% in Tuesday trade. Members of the Reserve Bank of Australia’s board agreed it would be “premature” to consider ceasing the bond purchase program, minutes from the central bank’s monetary policy meeting for June showed.
The Nikkei 225 in Japan gained 0.82% while the Topix index advanced 0.54%. South Korea’s Kospi fell 0.09%.
Elsewhere, mainland Chinese stocks declined, with the Shanghai composite lower by 0.3% while the Shenzhen component dipped 0.36%. Hong Kong’s Hang Seng index declined 0.9%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.12% lower.
Overnight on Wall Street, the Nasdaq Composite gained 0.74% to an all-time closing high of 14,174.14. The S&P 500 also cruised to another record close, rising 0.18% to 4,255.15. The Dow Jones Industrial Average lagged, dipping 85.85 points to 34,393.75.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.515 — stronger than levels below 90.3 seen late last week.
The Japanese yen traded at 110.05 per dollar following a recent weakening from below 109.8 against the greenback. The Australian dollar changed hands at $0.7704, off levels above $0.774 seen last week.
Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.45% to $73.19 per barrel. U.S. crude futures gained 0.35% to $71.13 per barrel.