SINGAPORE — Shares in Asia-Pacific were lower in Wednesday morning trade even as major indexes on Wall Street notching fresh record highs again overnight.
Shares in Australia fell into negative territory as the S&P/ASX 200 declined 0.17%. Australia’s consumer price index rose 0.8% in the September 2021 quarter, data from the country’s Bureau of Statistics showed Wednesday. The reading for quarterly consumer inflation was in line with expectations from a Reuters poll.
The Australian dollar rose to $0.7529 following the data release, against an earlier low of $0.7495.
China’s industrial profits data for September is also poised to be released at 9:30 a.m. HK/SIN on Wednesday.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded fractionally lower.
Overnight stateside, the Dow Jones Industrial Average gained 15.73 points to a new record closing high of 35,756.88 while the S&P 500 climbed 0.18% to 4,574.79. The Nasdaq Composite rose fractionally to around 15,235.72.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.904 following a recent surge to levels around 94.
The Japanese yen traded at 114.10 per dollar, having weakened from below 114 against the greenback yesterday.