Asia Pacific stocks were mostly up on Wednesday morning, after U.S. shares set a fresh record after U.S. stimulus hopes overrode concerns about ever-rising COVID-19 cases globally.
The number of global COVID-19 cases passed the 68.1 million mark, with the number of U.S. cases passing the 15.1 million mark, as of Dec. 9, according to Johns Hopkins University data.
China’s #Shanghai Composite edged down 0.12% by 11:06 PM ET (3:06 AM GMT) while the #Shenzhen Component was down 0.55%. Data released earlier in the day showed that November’s consumer price index (CPI), came in below expectations, contracting 0.6% month on month and 0.5% year on year. This was the first decline in Chinese consumer prices seen since 2009.
The Producer Product Index (PPI) contracted 1.5% year-on-year.
Hong Kong’s #Hang Seng Index rose 1.21%. A new law will enable authorities to lock down parts of the city hit by COVID-19 for up to seven days. Restriction measures in the city have also been tightened further, with restaurants to stop dine-in services from 6pm onwards and gyms as well as beauty parlours ordered closed from Thursday as 100 new daily COVID-19 cases were recorded on Tuesday.
Japan’s #Nikkei 225 gained 1.09% and South Korea’s #KOSPI jumped 1.25%
In Australia, the #S&P/ASX 200 gained 0.66%. December's Westpac Consumer, released earlier in the day, saw its highest growth in a decade as it jumped to 4.1% against November’s 2.5% jump.
The number of global COVID-19 cases passed the 68.1 million mark, with the number of U.S. cases passing the 15.1 million mark, as of Dec. 9, according to Johns Hopkins University data.
China’s #Shanghai Composite edged down 0.12% by 11:06 PM ET (3:06 AM GMT) while the #Shenzhen Component was down 0.55%. Data released earlier in the day showed that November’s consumer price index (CPI), came in below expectations, contracting 0.6% month on month and 0.5% year on year. This was the first decline in Chinese consumer prices seen since 2009.
The Producer Product Index (PPI) contracted 1.5% year-on-year.
Hong Kong’s #Hang Seng Index rose 1.21%. A new law will enable authorities to lock down parts of the city hit by COVID-19 for up to seven days. Restriction measures in the city have also been tightened further, with restaurants to stop dine-in services from 6pm onwards and gyms as well as beauty parlours ordered closed from Thursday as 100 new daily COVID-19 cases were recorded on Tuesday.
Japan’s #Nikkei 225 gained 1.09% and South Korea’s #KOSPI jumped 1.25%
In Australia, the #S&P/ASX 200 gained 0.66%. December's Westpac Consumer, released earlier in the day, saw its highest growth in a decade as it jumped to 4.1% against November’s 2.5% jump.