Asian stocks mixed as dollar continues rally
Markets in Asia traded mixed on Wednesday, as the dollar extended gains before the Organization of the Petroleum Exporting Countries meeting in Vienna, set to occur later today.
Japan’s benchmark index, Nikkei 225, was flat at 5:52 a.m. CET, following a slight reported increase in industrial production output. The dollar gained 0.26% against the yen, to go for ¥112.7 at 6:14 a.m. CET, while the dollar index was 101.06, 0.11% in the green at the time.
China’s mainland shares traded lower, with the Shanghai Composite Index shedding 0.91% at 6:14 a.m. CET and the Shenzhen Composite Index losing 0.16% at the same time. Conversely, Hong Kong’s Hang Seng index gained 0.27% at 6:17 a.m. CET.
South Korea’s Kospi Composite edged 0.09% up at 5:58 a.m. CET, following reports of an increased push by the opposition to impeach president Park Geun-hye.
Australia’s S&P/ASX 200 closed 0.31% in the red today.