Asia-Pacific stocks trade little changed; private survey on services activity in China ahead
Stocks in Asia-Pacific were little changed in Thursday morning trade as investors await the release of a private survey on China’s services sector activity in November.
In Japan, the Nikkei 225 was fractionally lower in early trade while the Topix index edged 0.13% higher.
Over in Australia, the S&P/ASX 200 advanced 0.4%. Australia’s trade data for October is set to be out around 8:30 a.m. HK/SIN.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.18% higher.
South Korea’s markets are set to open an hour later than usual, with trading set to begin at 9 a.m. HK/SIN because of the College Scholastic Ability Test.
*China economic data ahead*
On the economic data front, the Caixin/Markit services Purchasing Managers’ Index is expected to be released around 9:45 a.m. HK/SIN.
Investors will also watch developments on U.S. coronavirus stimulus negotiations, as lawmakers race to pass a pandemic relief package before the end of the year.
Reference: CNBC
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