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Asia-Pacific stocks mixed; China’s trade data for August ahead

SINGAPORE — Shares in Asia-Pacific were mixed in Tuesday morning trade as investors look ahead to the release of Chinese August trade data, as well as the Reserve Bank of Australia’s rate decision.

The Nikkei 225 in Japan rose 0.85% while the Topix index advanced 0.88%, with shares in the country continuing to trek upward after two straight trading days of solid gains. That comes as investor sentiment is buoyed by the prospect of more stimulus that has reportedly been called for by prime minister contender Fumio Kishida.

Elsewhere, South Korea’s Kospi dipped 0.17%. The S&P/ASX 200 in Australia shed about 0.1%, ahead of the Reserve Bank of Australia expected rate decision announcement at 12:30 p.m. HK/SIN on Tuesday.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.

Looking ahead, China’s trade data for August is set to be released at about 11:00 a.m. HK/SIN on Tuesday.

Markets in the U.S. were closed on Monday for a holiday.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.198 — still off levels above 92.4 seen last week.

The Japanese yen traded at 109.79 per dollar, stronger than levels above 110.1 seen against the greenback last week. The Australian dollar changed hands at $0.7437, largely holding on to gains after rising from below $0.738 last week.

Oil prices sat lower in the morning of Asia trading hours, with international benchmark Brent crude futures below the flatline, trading at $72.19 per barrel. U.S. crude futures dipped 0.65% to $68.84 per barrel.

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