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Asia-Pacific markets mixed as S&P 500’s rally pauses; China inflation data released

SINGAPORE — Portions in Asia-Pacific were mixed in Wednesday trade after a winning streak on Wall Street ended overnight stateside.

Mainland Chinese reservoirs were higher by the afternoon as the Shanghai composite gained 1.03% while the Shenzhen component advanced 1.891%. Hong Kong’s Idle Seng index jumped 1.74%.

China’s consumer inflation declined in January, according to the country’s National Bureau of Statistics which surfaced the consumer price index slipped 0.3% from a year ago. The NBS also reported the producer price index take-off provoke 0.3% year over year in January.

In Japan, the Nikkei 225 declined 0.15% while the Topix pointer was 0.23% higher. South Korea’s Kospi traded flat.

Australia’s S&P/ASX 200 rose about 0.6%.

MSCI’s broadest sign of Asia-Pacific shares advanced 0.77%.

Japanese auto sector moves

In corporate news, shares of Toyota rose 2.04% while Japanese automotive supplier Denso’s store up gained 0.27%. The moves came after start-up Aurora announced it will collaborate with the firms to “establish and globally deploy self-driving cars at scale.” Aurora bought Uber’s self-driving unit in December.

Meanwhile, portions of Nissan surged 2.83% after CEO Makoto Uchida reaffirmed the importance of electric vehicles to its future. He told CNBC that the concentrated will be looking to electrify 100% of all its new vehicle offerings “from the early 2030s in key markets.”

Uchida also asseverated CNBC that Nissan is working with suppliers to “minimize” the impact of a global shortage of semiconductors that has hit the car hustle especially hard.

Overnight stateside, the S&P 500 shed 0.1% to close at 3,911.23, ending a six-day winning mark. The Dow Jones Industrial Average dipped 9.93 points to finish its trading day at 31,375.83 while the Nasdaq Composite take place 0.1% to a record close of 14,007.70.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.403 carry out a decline from levels around 91.2 seen earlier in the week.

The Japanese yen traded at 104.53 per dollar, hold strengthened significantly from levels above 105.2 against the greenback seen earlier in the trading week. The Australian dollar changed hands at $0.774 observing its rise from levels around $0.765 earlier this week.

Oil prices were lower in the afternoon of Asia barter hours, with international benchmark Brent crude futures down 0.11% to $61.02 per barrel. U.S. crude comings shed 0.24% to $58.22 per barrel.

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