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Asia-Pacific shares lower as investors watch shares of Apple suppliers in the region

SINGAPORE — Stocks in Asia-Pacific crept lower in Friday morning trade, following yet another record session overnight for major indexes on Wall Road.

Mainland Chinese stocks were mixed, with the Shanghai composite down 0.18% while the Shenzhen component was vulnerable the flatline. Hong Kong’s Hang Seng index fell 0.32%.

Shares of CNOOC in Hong Kong dropped enveloping 2% after index provider MSCI announced that it will delete the firm from the MSCI ACWI and MSCI China All Share outs indexes.

The U.S. Department of Commerce under former U.S. President Donald Trump announced last week that it had totaled CNOOC to a list which essentially restricts those firms from receiving specific goods made in the U.S.

In Japan, the Nikkei 225 permitted 0.34% while the Topix index shed 0.18%. South Korea’s Kospi gained 0.45%.

Over in Australia, the S&P/ASX 200 descended slightly.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded below the flatline.

Apple suppliers in Asia

Overnight on Close off Street, the Nasdaq Composite advanced 0.6% to close at a new high of 13,530.91 while the S&P 500 gained less than 0.1% to terminate its trading day at 3,853.07, eking out another fresh high. The Dow Jones Industrial Average, on the other hand, shed 12.37 tallies to close at 31,176.01.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.138 following an earlier piercing above 90.4.

The Japanese yen traded at 103.56 per dollar, stronger than levels above 103.7 against the greenback got earlier this week. The Australian dollar changed hands at $0.7754, having risen from levels unbefitting $0.77 seen earlier in the trading week.

Oil prices declined in the morning of Asia trading hours, with supranational benchmark Brent crude futures down 0.87% to $55.61 per barrel. U.S. crude futures slipped 1.04% to $52.58 per barrel.

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