The Asia-Pacific Stock were higher in Thursday trade, as investors reacted to data releases in Australia and China. South Korea’s Kospi led gains regionally as it rose 1.01% in afternoon trade.
Mainland Chinese Stock were higher by the afternoon, with the Shanghai composite rising 0.38% while the Shenzhen component advancing 0.445%. Hong Kong’s Hang Seng index shed 0.4%. A private survey released Thursday showed slowing Chinese services activity growth in May. The Caixin/Markit services Purchasing Managers’ Index for May came in at 55.1 on Thursday, lower than the reading of 56.3 in April. That was well above the 50 level that separates expansion from contraction.
Wall Street Stock edged higher overnight stateside. The Dow Jones Industrial Average eked a 25.07 point gain to 34,600.38 while the S&P 500 climbed 0.14% to 4,208.12. The Nasdaq Composite rose 0.14% to 13,756.33.The Japanese yen traded at 109.67 per dollar, weaker than levels below 109.5 seen against the greenback earlier this week. The Australian dollar changed hands at $0.7744, having climbed from levels around $0.772.