Asia-Pacific stocks slip ahead of China and U.S. inflation data

3 yıl önce

SINGAPORE â Shares in Asia-Pacific slipped in Friday morning trade as investors look ahead to the release of May inflation data from China and the U.S.

Japan's Nikkei 225 shed 0.89% as shares of SoftBank Group dropped more than 2%. South Korea's Kospi fell 1.28%.

The S&P/ASX 200 in Australia dipped 0.36%.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.42% lower.

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China's inflation data for May is expected to be out on Friday morning. The U.S. is also set to announce its May consumer price index report later Friday stateside.

Investors will also monitor Hong Kong-listed shares of Alibaba on Friday after Jack Ma's Ant Group and Chinese regulators squashed talk of reviving Ant's public listing. U.S.-listed shares of Alibaba dropped 8.13% on Thursday following the announcements.

Overnight stateside, the S&P 500 slipped 2.38% to 4,017.82. The Dow Jones Industrial Average plunged 638.11 points, or 1.94%, to 32,272.79. The tech-heavy Nasdaq Composite dropped 2.75% to 11,754.23.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 103.30 after recently crossing the 103 level.

The Japanese yen traded at 134.37 per dollar, struggling to recover after weakening from levels below 132 against the greenback earlier this week. The Australian dollar was at $0.7098 following a recent drop from above $0.714.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.23% to $122.79 per barrel. U.S. crude futures slipped 0.21% to $121.26 per barrel.