SINGAPORE – Asia-Pacific stocks fell Wednesday morning after major Wall Street indices fell overnight from their respective records hit in the previous session.
In Japan, the Nikkei 225 fell 0.82% in early trading, while the Topix index fell 0.48%. South Korea’s Kospi lost 0.13%.
The S & P / ASX 200 in Australia fell 0.11%. Australia’s Q2 Consumer Price Index will be released at 9:30 am HK / SIN on Wednesday.
MSCI’s broader Asia-Pacific equity index outside of Japan was trading 0.13% lower.
Investors will continue to monitor Chinese stocks after a sell-off this week that sent Hong Kong’s Hang Seng index down more than 8% in two days.
Investors also watched the actions of Apple’s suppliers in Asia-Pacific after the tech giant warned that chip supply limitations could affect iPhones and iPads this quarter.
In Wednesday morning trading, Murata Manufacturing’s shares in Japan fell 1.2%, while South Korea’s LG displays were up 0.67%.
Overnight in the United States, the Dow Jones Industrial Average fell 85.79 points to 35,058.52, while the S&P 500 lost 0.47% to 4,401.46. The Nasdaq Composite fell 1.21% to 14,660.58.
The Japanese yen was trading at 109.81 per dollar, stronger than levels above 110.4 seen against the dollar earlier this week. The Australian dollar changed hands at $ 0.7365, above the levels below $ 0.732 seen last week.
Oil prices rose in the morning of Asian business hours, with international benchmark Brent crude futures rising 0.3% to $ 74.70 a barrel. US crude futures rose 0.47% to $ 71.99 a barrel.
Here’s a look at what’s available:
- Australia: Consumer Price Index for the second quarter at 9:30 a.m. M. HK / SIN