Asia-Pacific stocks trade mixed; private survey of China’s services activity ahead
Stocks in Asia-Pacific were mixed in Friday morning trade as investors await the release of a private survey of China’s services sector activity for September.
In Japan, the Nikkei 225 rose 0.15% while the Topix index was fractionally lower.
Meanwhile, shares in Australia were little changed, with the S&P/ASX 200 below the flatline.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded slightly higher.
Markets in South Korea and Taiwan are closed on Friday for holidays.
Over in China, the Caixin/Markit services Purchasing Managers’ Index is expected to be out at around 9:45 a.m. HK/SIN. The data could provide more clues on the state of China’s economic recovery from the coronavirus pandemic.
Investor focus will also likely be on ongoing developments regarding potential new fiscal stimulus stateside. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin spoke on Thursday about a broad coronavirus stimulus plan, after U.S. President Donald Trump pulled out of talks earlier in the week and called for stand-alone bills.
Reference: CNBC
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