Asia-Pacific markets mixed as investors wait for China’s second quarter GDP data

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SINGAPORE – Asia Pacific stocks were mixed in trading Thursday morning as investors watch the release of economic data in Australia and China.

In Japan, the Nikkei 225 lost 0.4% in early trading while the Topix index lost 0.32%. South Korea’s Kospi gained 0.13%.

Meanwhile, the S & P / ASX 200 was hovering over the flatline in Australia.

MSCI’s broadest index for Asia Pacific stocks outside of Japan traded 0.1% higher.

Australian job dates for June are expected at 9:30 am HK / SIN on Thursday.

China’s economic data – including Q2 GDP pressures and June retail sales – is expected to be released at 10:00 a.m. HK / SIN.

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Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its competitors, hit 92.385 after falling over 92.7 recently.

The Japanese yen was trading at 109.98 per dollar, stronger than levels above 110.4 seen against the greenback earlier in the week. The Australian dollar changed hands at $ 0.7478 after rebounding from around $ 0.744 yesterday.

Oil prices were lower on the morning of Asian trading hours, with international benchmark Brent crude futures falling 0.27% to $ 74.56 a barrel. US crude oil futures declined 0.4% to $ 72.84 a barrel.

Here’s a look at what’s on tap:

  • Australia: June job dates at 9:30 am HK / SIN
  • China: Second quarter GDP printing data, retail sales, and industrial production data for June at 10:00 AM HK / SIN