Asia Markets

India's BSE Sensex touches record high in mixed Asia-Pacific trading day

Share
Key Points
  • In Friday trade, the BSE Sensex in India rose to 52,641.53 — above its previous record high of 52,516.76 set in February, according to data from Refinitiv Eikon
  • The S&P 500 rose nearly 0.5% overnight on Wall Street to a record closing high of 4,239.18.
  • U.S. consumer prices jumped 5% in May, the fastest pace since August 2008, the U.S. Labor Department reported Thursday. That was higher than a gain of 4.7% forecasted by economists surveyed by Dow Jones.

SINGAPORE — Shares in Asia-Pacific were mixed in Friday trade, with the BSE Sensex in India touching a record high.

In Friday trade, the Sensex rose to 52,641.53 — above its previous record high of 52,516.76 set in February, according to data from Refinitiv Eikon. The index later pared some of those gains and last stood 0.33% higher, as of 1:05 p.m. local time. The Nifty 50 in India also gained 0.3%.

Stocks in Japan were little changed as the Nikkei 225 closed marginally lower at 28,948.73 while the Topix ended the trading day 0.14% lower at 1,954.02. Over in South Korea, the Kospi edged 0.77% higher on the day to 3,249.32.

Mainland Chinese stocks closed lower as the Shanghai composite fell 0.58% to 3,589.75 while the Shenzhen component slipped 0.62% to 14,801.24. Hong Kong's Hang Seng index advanced 0.33%, as of its final hour of trading.

Shares in Australia finished the trading day higher as the S&P/ASX 200 climbed 0.13% to 7,312.30.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.36%.

S&P 500 rises to record close

Overnight stateside, the S&P 500 rose nearly 0.5% to a record closing high of 4,239.18. The Dow Jones Industrial Average climbed 19.1 points to 34,466.24 while the Nasdaq Composite gained 0.78% to 14,020.33.

The gains came on the back of the release of a closely-watched U.S. inflation report. U.S. consumer prices jumped 5% in May — the fastest pace since August 2008 — the U.S. Labor Department reported Thursday. That was higher than a gain of 4.7% forecasted by economists surveyed by Dow Jones.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.993 after swinging around the 90 level for much of this week.

The Japanese yen traded at 109.43 per dollar, stronger than levels above 109.6 seen against the greenback yesterday. The Australian dollar changed hands at $0.7765, as compared with levels around $0.776 seen earlier in the trading week.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up fractionally to $72.58 per barrel. U.S. crude futures gained about 0.1% to $70.35 per barrel.

Correction - This story was updated to accurately reflect the price moves of U.S. crude futures.