A security guard takes off his protective mask at the entrance to the Shanghai Stock Exchange Building.
Yves Dean | Getty Images
SINGAPORE – Asia Pacific stocks were mixed on Thursday as investors watched mainland Chinese stocks move as they returned from the New Year holiday.
The Shanghai Composite rose 1.6% in early trading while the Shenzhen component gained 0.756%.
The Nikkei 225 in Japan was above the flatline while the Topix index fell 0.39%. South Korea’s Kospi fell 0.39%.
In Australia, the S & P / ASX 200 traded slightly higher.
Australia’s unemployment rate fell to 6.4% in January, according to seasonally adjusted estimates released Thursday by the country’s Bureau of Statistics. This compared with the unemployment rate in December of 6.6%.
The broadest MSCI index for stocks in the Asia-Pacific region outside of Japan has barely changed.
Oil prices jump
Oil prices rose on the morning of trading hours in Asia. The international benchmark’s Brent crude oil futures rose 1.48% to $ 65.29 a barrel. US crude oil futures rose 1.32% to $ 61.95 a barrel.
The US dollar index, which tracks the greenback versus a basket of its peers, stood at 90.873 after recently rising below 90.3.
The Japanese yen was trading at 105.75 per dollar, weaker than below 105.6 against the greenback earlier this week. The Australian dollar was trading at $ 0.7757 after hitting a level of $ 0.78 at the start of the trading week.