Asia-Pacific Stocks Lower on Inflation Staying Power

#inflation

$USO $OIL

Asia-Pacific stocks moved mostly lower overnight on the back of higher energy prices and inflation concerns.

In Tokyo, the Nikkei (^N225) fell more than 1%, extending losses for an eighth consecutive session, while the Hang Seng (^HSI) dipped 0.4%. The Shanghai Composite (000001.SS) is closed until Friday due to a holiday.

Traders remain concerned that new Japanese PM Fumio Kishida could be outlining a redistribution plan that includes higher taxes, including on capital gains.

Asia-Pacific Indexes

Data as of 6 October 2021. All quotes delayed at least 15 mins.

Symb

Index

Time

Last

Chg

Chg %

.TRXFLDJPP

Thomson Reuters Equity Japan Index

3:42am EDT

170.04

-0.62

-0.36%

.TRXFLDHKP

Thomson Reuters Equity HK Index

5:42am EDT

282.66

-1.59

-0.56%

.TRXFLDINP

Thomson Reuters Equity India Index

5:56am EDT

2,135.51

-22.97

-1.06%

.N225

Nikkei Stock Average 225

2:15am EDT

27,528.87

-293.25

-1.05%

.HSI

Hang Seng Index

4:08am EDT

23,966.49

-137.66

-0.57%

.AORD

ASX All Ordinaries Index

1:52am EDT

7,496.20

-40.30

-0.53%

.KS11

KOSPI Index

5:03am EDT

2,908.31

-53.86

-1.82%

.SETI

SET Composite Index

5:48am EDT

1,619.48

-4.76

-0.29%

.JKSE

Jakarta Composite

4:14am EDT

6,417.32

+129.27

+2.06%

.PSI

PSE Composite Index

12:50am EDT

7,057.45

+76.21

+1.09%

.SSEC

Shanghai Composite Index

30 Sep 2021

3,568.17

+31.87

+0.90%

.BSESN

S&P BSE Sensex

6:12am EDT

59,189.73

-555.15

-0.93%

.FTFBMKLCI

FTSE Bursa Malaysia KLCI

5:04am EDT

1,559.42

+29.00

+1.89%

.HNX30

HNX 30 Index

5 Oct 2021

582.69

+2.23

+0.38%

Have a prosperous day, Keep the Faith!