Official data shows that China’s industrial earnings growth slowed in May

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SINGAPORE – Asia Pacific stocks were mixed in trading on Monday morning. Meanwhile, official data showed that China’s industrial profits slowed for May.

Japan’s Nikkei 225 lost 0.15% in early trading while the Topix index rose 0.16%. South Korea’s Kospi also lost 0.12%.

Australian stocks barely changed as the S & P / ASX 200 traded around the flatline.

MSCI’s broadest index for Asia Pacific stocks outside of Japan traded slightly lower.

Data released on Sunday by China’s National Bureau of Statistics showed that Chinese industrial companies’ earnings rose 36.4% year over year in May. This was a slowdown from April’s 57% year-over-year growth.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its competitors, hit 91.783 after falling above 92.1 earlier in the month.

The Japanese yen was trading at 110.83 per dollar after weakening below 110.4 against the greenback last week. The Australian dollar changed hands at $ 0.7588 after rising below $ 0.756 last week.

Oil prices were higher on the morning of Asian trading hours, with international benchmark Brent crude oil futures rising 0.24% to $ 76.36 a barrel. US crude oil futures rose 0.22% to $ 74.21 a barrel.