Nikkei, Topix and Co. Asian stock exchanges slide ahead of important US inflation data

Nikkei, Topix and Co. Asian stock exchanges slide ahead of important US inflation data

Nikkei, Topix and Co. Asian stock exchanges slide ahead of important US inflation data
Investors are cautious ahead of the weekend.  Source: Reuters

Asian exchanges were weaker on Friday amid renewed concerns among traders about the coronavirus pandemic and upcoming major U.S. inflation data. “There is also a slight feeling of ‘we don’t want too much risk on the table for the weekend’. Of course there is a consumer price index in the – but I think we all woke up and now we know there is inflation in the US, “said Rob Carnell, head of research Asia Pacific at ING.

The Nikkei index, which comprises 225 values, was 0.4 percent lower at 28,610 points. The broader Topix index fell 0.3 percent and stood at 1985 points.

The Shanghai stock exchange was 0.3 percent in the red. The index of the most important companies in Shanghai and Shenzen lost 0.5 percent.

In Asian foreign exchange trading, the dollar was almost unchanged at 113.48 yen, down 0.1 percent to 6.3693 yuan. In relation to the Swiss currency, it was quoted 0.1 percent higher at 0.9238 francs. At the same time, the euro remained almost unchanged at 1.1296 dollars and rose 0.1 percent to 1.0436 francs. The pound sterling gained 0.1 percent to $ 1.3227.

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