Japan +0.62% Japan data – Corporate Service Price Index for July: +2.1% y/y (vs. expected +2.2%).
China +0.41%.
Hong Kong Flat. The Hong Kong stock exchange has cancelled morning trade due to storm, trading will resume in the afternoon.
Australia +0.61%
India +0.52%.
Overnight in the U.S., major US stocks closed modestly higher, as investors await more clarity on the Federal Reserve’s fight against inflation. The Dow industrial average rose 59.64 points or 0.18% and 32969.24, S&P index rose 12.04 points or 0.29% at 4140.76. The NASDAQ index rose 50.24 points or 0.41% at 12431.54.
Bank of Korea rate hike +25bps as expected, base rate to 2.5% (from 2.25%).
South Korea producer price data. PPI in July +0.3% m/m vs. +0.6% in June; +9.2% y/y in July vs. +10.0% June.
New Zealand Q2 Retail Sales -2.3% q/q (prior -0.5%).
Oil prices rose in early Asian trade on Thursday after Saudi Arabia suggested the Organization of the Petroleum Exporting Countries could consider cutting output, though bearish economic signals from central bankers and falling equities weighed.
U.S. crude futures rose 34 cents to $95.23 a barrel by 0016 GMT, while Brent crude futures rose 51 cents, or $101.73 a barrel.
Gold prices edged higher on Thursday as the dollar slipped, while investors looked forward to a speech by U.S. Federal Reserve Chair Jerome Powell at the Jackson Hole symposium for clues on interest rate hikes and the health of the economy.
Spot gold was 0.1% higher at $1,753.01 per ounce, as of 0110 GMT.
U.S. gold futures were up 0.3% at $1,766.
Spot silver eased 0.2% to $19.13 per ounce, platinum inched down 0.1% to $876.16, and palladium rose 0.5% to $2,044.19.
U.S. futures higher. Dow Jones +0.34%; S&P 500 +0.49%; Nasdaq +0.46%.
Image and article originally from seekingalpha.com. Read the original article here.