Asia-Pacific stocks slip as sentiment remains cautious on coronavirus risk
Stocks in Asia-Pacific slipped in Wednesday morning trade as coronavirus infections continue to rise stateside.
In Japan, the Nikkei 225 shed 0.53% while the Topix index declined 0.74%. South Korea’s Kospi also traded 0.39% lower.
Shares in Australia were lower, as the S&P/ASX 200 dipped fractionally.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.19% lower.
On the economic data front, Australia’s consumer price index rose 1.6% in the September quarter as compared to the previous quarter, according to data released Wednesday by the Australian Bureau of Statistics (ABS). The rise in the September quarter followed a “record fall” of 1.9% in the June 2020 quarter, according to the ABS.
Following that data release, the Australian dollar traded at $0.7116, above levels below $0.704 seen last week.
Investor sentiment on Wednesday will likely be impacted by the rising number of Covid-19 cases in the U.S.
Reference: CNBC
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