Asia-Pacific stocks mixed after S&P 500 notches another record closing high

  • Asia-Pacific stocks were mixed in Friday morning trade.
  • The S&P 500 sailed to yet another record closing high overnight on Wall Street with its sixth day of gains in a row.

SINGAPORE — Stocks in Asia-Pacific were mixed in Friday morning trade after the S&P 500 on Wall Street rose overnight to another record closing high.

The S&P/ASX 200 in Australia gained 0.56% while South Korea's Kospi rose about 0.1%.

Shares in Japan lagged as the Nikkei 225 fell 0.29% and the Topix index declined 0.48%.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.08% higher.

Wall Street record highs

Overnight stateside, the S&P 500 climbed 0.42% to 4,680.06, another record closing high. The tech-heavy Nasdaq Composite also rose 0.81% to an all-time closing high of 15,940.31. The Dow Jones Industrial Average lagged, dipping 33.35 points to 36,124.23.

The gains on Wall Street came following the U.S. Federal Reserve's announcement on Wednesday that it will begin to slow its bond-buying program later this month.

Oil prices jump

Oil prices rose in the morning of Asia trading hours, with international benchmark Brent crude futures up 1.22% to $81.52 per barrel. U.S. crude futures jumped 1.42% to $79.93 per barrel.

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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.331 after a recent climb from below 94.0.

The Japanese yen traded at 113.75 per dollar, stronger than levels above 114 seen against the greenback yesterday. The Australian dollar was at $0.7407, struggling to recover after a plunge from above $0.75 earlier in the trading week.

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