Asia Pacific Shares Fall; Hong Kong oil big CNOOC shares are falling

SINGAPORE – Asia Pacific stocks fell on Friday after another record-breaking overnight session for major Wall Street indices.

Hong Kong’s Hang Seng Index led to losses in the region’s major markets as it fell 1.5% in the afternoon.

Hong Kong oil giant CNOOC fell 5.45% after index provider MSCI announced that it would be deleting the company from the MSCI ACWI and MSCI China All Shares indices.

The U.S. Department of Commerce, under former U.S. President Donald Trump, announced last week that it had added CNOOC to a list essentially preventing these companies from obtaining certain U.S.-made goods

Mainland China stocks were lower, with the Shanghai Composite falling 0.73% while the Shenzhen Component declining 0.345%.

In Japan, the Nikkei 225 was down 0.31% while the Topix index was down 0.19%. South Korea’s Kospi fell slightly.

In Australia, the S & P / ASX 200 fell 0.36%.

MSCI’s broadest index for stocks in the Asia-Pacific region outside of Japan fell 0.54%.

Apple suppliers in Asia

On Wall Street overnight, the Nasdaq Composite rose 0.6% to close at a new high of 13,530.91 while the S&P 500 rose less than 0.1% to end its trading day at 3,853.07 and to reach another new high. The Dow Jones Industrial Average, on the other hand, lost 12.37 points and closed at 31,176.01.

Currencies and oil

The US dollar index, which tracks the greenback versus a basket of its peers, was at 90.099 after previous levels above 90.4.

The Japanese yen was trading at 103.56 per dollar, stronger than above 103.7 against the greenback earlier this week. The Australian dollar changed hands at $ 0.7745 after rising from below $ 0.77 at the start of the trading week.

Oil prices fell in the afternoon of Asian trading hours, with the international benchmark’s Brent crude oil futures falling 0.82% to $ 55.64 a barrel. US crude oil futures were down 1.02% to $ 52.59 a barrel.

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