Asia markets in mixed territory as NAFTA talks remain in focus

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Overnight, the SP 500 extended its gains to close at another record high of 2,897.52 after crossing the 2,900 mark earlier in the day for the first time. The Nasdaq Composite, which also saw another all-time high and rose 0.1 percent to 8,030.04. The Dow Jones Industrial Average climbed 14.38 points to 26,064.02.

The moves stateside came as Canada’s Foreign Minister Chrystia Freeland traveled to Washington on Tuesday to resume negotiations about the future of NAFTA, a day after the U.S. and Mexico announced that they had agreed to a new trade deal.

The U.S. dollar index, which tracks the greenback against a basket of currencies, was largely flat at 94.777 as of 9:53 a.m. HK/SIN.

The Japanese yen remained largely flat against the dollar at 111.22 yen while the Australian dollar traded at $0.7339 at 9:54 a.m. HK/SIN.

In the oil markets, global benchmark brent crude futures traded near flat at $75.99 a barrel, while U.S. West Texas Intermediate crude futures was at $68.58 a barrel.

Here is a look at the day ahead:

  • Singapore – July trade data at 1:00 p.m. HK/SIN
  • Turkey – July trade data; economic confidence at 3:00 p.m. HK/SIN

– Reuters contributed to this report.

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Article source: https://www.cnbc.com/2018/08/29/asia-markets-trade-in-focus.html

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