SINGAPORE – Stocks in the Asia-Pacific region were mostly lower on Monday morning as investors looked ahead to the release of key Chinese economic data.
In China, the Shanghai Composite is down 0.23% while the Shenzhen component is down 0.627%. The Hang Seng Index was flat in Hong Kong.
Chinese economic data, including the country’s third-quarter GDP and retail sales for September, are due at 10:00 AM HKT on Monday.
Elsewhere, Japan’s Nikkei 225 is down 0.29% while Topix is down 0.32%. South Korea’s Kospi was down 0.34%.
Stocks outperformed in Australia, with the S&P/ASX 200 index up 0.29%.
MSCI’s broadest index of Asia Pacific shares was little changed outside of Japan.
US crude exceeds $83 a barrel
Oil prices rose in the morning from Asian trading hours, with US crude futures up 1.25% to $83.31 a barrel. International benchmark Brent crude futures rose 0.91% to $85.63 a barrel.
Oil stocks were also higher in Monday’s trading, with Australian Beach Energy adding 2.42% while Santos shares rose 0.68%. In Japan, Inpex stock rose 4.15%. Hong Kong-listed CNOOC shares also rose 0.69%.
The US Dollar Index, which measures the greenback against a basket of its peers, was at 94.005 after the recent weakness from above 94.2.
The Japanese yen was trading at 114.11 against the dollar, after weakening late last week from below 114.1 against the dollar. The Australian dollar was trading at $0.7414, largely holding onto gains after rising last week from below $0.732.