Asia-Pacific stocks mixed; Australia's trade data for June ahead - CNBC

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SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade, following declines overnight on Wall Street that saw the Dow Jones Industrial Average dropping more than 300 points.

The Shanghai composite in mainland China declined 0.46% while the Shenzhen component shed 0.864%. Hong Kong's Hang Seng index edged 0.25% higher.

Japan's Nikkei 225 gained 0.31% in morning trade while the Topix index advanced 0.25%. South Korea's Kospi stood little changed.

In Australia, the S&P/ASX 200 rose 0.12%. Australia recorded a trade surplus of around 10.5 billion Australian dollars (about $7.75 billion) in July, according to data released by the country's Bureau of Statistics on Thursday. That was above forecasts for a 10.45 billion Australian dollar trade surplus, according to a Reuters poll.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.11% higher.

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Overnight stateside, the Dow dropped 323.73 points to 34,792.67 while the S&P 500 slipped 0.46% to 4,402.66. The Nasdaq Composite outperformed as it rose 0.13% to 14,780.53.

The moves on Wall Street came after jobs data from payroll processing firm ADP came in well below expectations. The ADP private payroll survey showed a gain of 330,000 jobs for July, well below the consensus estimate of 653,000. The more closely watched Labor Department nonfarm payrolls release is set to be out on Friday.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.301 following a recent bounce from below 92.

The Japanese yen traded at 109.65 per dollar following a weakening yesterday from levels below 109 against the greenback. The Australian dollar changed hands at $0.7383, still higher than levels below $0.735 seen earlier in the trading week.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures rising 0.23% to $70.54 per barrel. U.S. crude futures advanced 0.28% to $68.34 per barrel.

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Asia-Pacific stocks mixed; Australia's trade data for June ahead - CNBC
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