Global Economy

Asia-Pacific stocks mixed; Australia's fourth-quarter GDP data ahead


SINGAPORE — Stocks in Asia-Pacific were mixed in Wednesday morning trade as investors awaited the release of Australia’s fourth-quarter gross domestic product data.

In Japan, the Nikkei 225 and Topix index both rose 0.4% each. South Korea’s Kospi dipped 0.22%.

Shares in Australia advanced as the S&P/ASX 200 edged about 0.7% higher.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.16% higher.

Data ahead

On the economic data front, Australia’s fourth-quarter GDP print is expected to be out around 8:30 a.m. HK/SIN.

A private survey on China’s services sector activity in February is also expected on Wednesday, with the Caixin/Markit services Purchasing Managers’ Index set to be out around 9:45 a.m. HK/SIN.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.785 — off levels above 91 seen earlier in the week.

The Japanese yen traded at 106.73 per dollar, still weaker than levels below 105.7 against the greenback seen last week. The Australian dollar changed hands at $0.7819, following levels around $0.774 seen yesterday.

Here’s a look at what’s on tap:

  • Australia: Fourth-quarter GDP print at 8:30 a.m. HK/SIN
  • China: Caixin/Markit services Purchasing Managers’ Index at 9:45 a.m. HK/SIN

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— CNBC’s Kevin Breuninger contributed to this report.



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