TELETRADER News
8/12, 4:11 AM (Source: TeleTrader)
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Asia-Pacific mixed after Wall Street's drop

Major stock markets in Asia-Pacific traded mixed during the Friday session after Wall Street dropped from its previous rally. Investors are seemingly still digesting the CPI figures released by the world's largest economy, as the Federal Reserve cautioned it is too early to "declare victory" over curbing inflation.

Recent lockdowns in China related to the COVID-19 pandemic could also be affecting the indexes, as economic growth prospects continue to stay uncertain.

In mainland China, the Shanghai Composite fell 0.10% at 4:08 am CET, while the Shenzhen Composite lost 0.33% a minute later. At 4:09 am CET, both South Korea's Kospi Composite and Hong Kong's Hang Seng were flat.

Australia's S&P/ASX 200 decreased 0.55% at 4:10 am CET. Meanwhile, Japan's Nikkei 225 surged 2.34% simultaneously. The dollar traded 0.27% higher against the yen at 4:11 am CET, selling for 133.37950.

Baha Breaking News (BBN) / AY