Asia-Pacific stocks are mixed as investors await U.S. inflation data

Asia-Pacific stocks are mixed as investors await U.S. inflation data

February 11, 2022: -On Thursday, Shares in Asia-Pacific were mixed as investors awaited the release of U.S. consumer inflation data.

Mainland Chinese stocks closed mixed, with the Shanghai composite increasing 0.17% to 3,485.91 while the Shenzhen component came to 0.733% to 13,432.07.

Hong Kong’s Hang Seng index is gaining 0.15% as its final hour of trading. Hong Kong-listed shares of China Evergrande Group soared over 4%. Reuters reported that the embattled developer aimed to deliver 600,000 apartments in 2022 but does not look to a fire sale of its assets to clear its debts.

In India, the Nifty 50 increased 0.84% while the BSE Sensex gained 0.85%, as of 12:59 p.m. local time.

The governor of the Reserve Bank of India announced on Thursday that the monetary policy committee voted to keep the repo rate or the rate the central bank lends to commercial lenders unchanged at 4%.

The RBI’s reverse repo rate or the rate commercial banks lend to the central bank remained steady at 3.35%.

Following that announcement, the Indian rupee was at 74.9625 per dollar, less than an earlier high of 74.778 seen against the greenback.

The Nikkei 225 in Japan went up to 0.42% to close at 27,696.08, while the Topix index increased 0.53% to 1,962.61. South Korea’s Kospi advanced 0.11% on the day to 2,771.93.

In Australia, the S&P/ASX 200 increasing 0.28%, closing at 7,288.50.

MSCI’s broadest index of Asia-Pacific stocks outside Japan gained 0.61%.

Overnight stateside, the Dow Jones Industrial Average went to 305.28 points to 35,768.06 while the S&P 500 gained 1.45% to 4,587.18. The Nasdaq Composite outperformed, increasing 2.08% to 14,490.37.

About Us

We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.

Recent Posts

Noodle.ai | Make Profit Not Waste | Stephen Pratt

Supply chain leaders, including VPs, often find themselves making bets with unknown financial consequences. Having started with largely infeasible plans generated by deterministic “one-number” planning systems, compounded by unexpected supply or demand disruptions, they are forced into last-minute adjustments to meet operational and financial goals.

Intelichain | Revolutionary Supply Chain Planning Solutions | Roei Aviram

Unsurprisingly, today’s supply chain faces numerous issues, including sustainability, technology, global economic and political instability, talent management, and supply chain resilience. Advanced forecasting algorithms and predictive analytics are used in supply chain management to help organizations of all sizes make better decisions by providing insights into what’s going on in their business at any given moment and predicting future trends.

GAINS | Empowering Companies to Make the Right Decision | Bill Benton

Ensuring the right products are in the right place and at the right time is critical for companies also dealing with supply chain constraints and a high degree of variability. Uncertainty has become the name of the game and the only way to effectively optimize inventory through continuous, data-driven assessments, planning, and decision-making.

Extensiv | Creating the Future of Omnichannel Fulfillment | Sheridan Richey

Food Huggers, a consumer brand that designs products to reduce waste at home, may be in an enviable position now but before they found Extensiv Order Manager, managing booming orders and staying on top of inventory was a huge operational challenge. The business has inventory spread across multiple geographically distributed warehouses, with orders received via multiple sales channels, including Shopify storefronts and Amazon.

Chainguard | Making Supply Chain Secure | Dan Lorenc

By late 202, the alarm bells were just starting to ring. Researchers discovered that Russian spies had months earlier burrowed deep into the networks of several U.S. federal networks. The spies, working for Russia’s foreign intelligence service, had first targeted SolarWinds, an IT company whose software helps to remotely manage the networks of thousands of businesses, Fortune 500 organizations and federal government agencies.

Asia-Pacific stocks are mixed as investors await U.S. inflation data