- Shares in Asia-Pacific were mixed on Thursday as U.S. stocks bounced back overnight.
- Oil prices, meanwhile, continued to move higher following a price surge in recent days.
A recent news article published in the CNBC states that Asia-Pacific stocks mixed as oil prices continue jumping, with Brent topping $116 per barrel.
The Nikkei 225 in Japan
The Nikkei 225 in Japan closed 0.7% higher at 26,577.27 while the Topix index climbed 1.18% to 1,881.80. South Korea’s Kospi also gained 1.61%, ending its trading day at 2,747.08.
Mainland Chinese stocks closed in negative territory, with the Shanghai compositefalling fractionally to 3,481.11 while the Shenzhen component slipped 1.087% to 13,201.82. Hong Kong’s Hang Seng indexedged 0.51% higher, as of its final hour of trading.
Slowing Chinese services activity growth
A private survey released Thursday showed slowing Chinese services activity growth in February, with the Caixin/Markit services Purchasing Managers’ Index coming in at 50.2 for that month. That compared against January’s reading of 51.4.
The 50-point mark in PMI readings separates growth from contraction. PMI readings are sequential and represent month-on-month expansion or contraction.
Over in India, the Nifty 50 dipped 0.29% while the BSE Sensex shed 0.26%, as of 12:43 p.m. local time.
In Australia, the S&P/ASX 200 advanced 0.49% on the day to 7,151.40.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.51% higher.
Brent briefly tops $118
Stock picks and investing trends from CNBC Pro:
Overnight on Wall Street, the Dow Jones Industrial Average surged 596.40 points to 33,891.35. The S&P 500 gained 1.86% to 4,386.54 while the Nasdaq Composite advanced 1.62% to 13,752.02.
Currencies
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Source: CNBC