AUS
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IND
Summary
- Asian markets witness mixed bag on Japan, Australia economic data
- Australian markets are the second-best performers in APAC today
- The MSCI APAC is down 33 bps
The Asia Pacific (APAC) stocks were a mixed bag on Wednesday as investors tried to decipher the macro-economic data coming in from Japan and Australia.
As Japan reported 5.2% rise in retail sales in March 2021, the country’s benchmark Nikkei 225 was trading 37 basis points (bps) higher.
Similarly, Australia, which reported lower-than-expected retail inflation of 0.6% in March quarter (according to the Australian Bureau of Statistic), saw its 200-share benchmark – ASX200 – trading higher by 49 basis points at the time of filing this copy. The Australian equity market was the second-best performer across the APAC.
Also Read: Markets next week: Key things to watch out for
The best performer across the region was Indian BSE Sensex, which opened 70 basis points higher.
Meanwhile, Mainland Chinese stocks were trading in red – Shanghai Composite was down 6 bps, while FTSE China A50 was down 55 bps.
South Korean Kospi Index was the worst performer across the APAC – down 89 bps.
Morgan Stanley Capital International’s (MSCI) APAC index was down 33 bps at the time of filing this copy.
