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Shares in Asia Pacific were mixed in Thursday morning trade as investors await upcoming comments from U.S. Federal Reserve Chairman Jerome Powell.

In Japan, the Nikkei 225 shed 0.17% in early trade while the Topix index dipped 0.32%. South Korea’s Kospi slipped 0.25%.

Meanwhile, stocks in Australia nudged higher, with the S&P/ASX 200 up frationally.

Overall, the MSCI Asia ex-Japan index traded around 0.1% higher.

Investors will await the upcoming Thursday speech stateside from the Fed’s Powell, where he is expected to introduce a new pandemic-era tool to combat the economic impact of Covid-19 and foster inflation in the U.S.

Reference: CNBC