SINGAPORE \u2014 Shares in Asia-Pacific were mixed in Friday morning trade, following gains overnight on Wall Street that saw the S&P 500 sailing to a record closing high.<\/p>\n

The Nikkei 225 in Japan edged 0.16% in early trade while the Topix sat below the flatline. Over in South Korea, the Kospi edged 0.57% higher.<\/p>\n

Shares in Australia were muted as the S&P\/ASX 200 traded below the flatline.<\/p>\n

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.14% higher.<\/p>\n<\/table>\n

S&P 500 rises to record close<\/h2>\n

Overnight stateside, the S&P 500 rose nearly 0.5% to a record closing high of 4,239.18. The Dow Jones Industrial Average climbed 19.1 points to 34,466.24 while the Nasdaq Composite gained 0.78% to 14,020.33.<\/p>\n

The gains came on the back of the release of a closely-watched U.S. inflation report. U.S. consumer prices jumped 5% in May \u2014 the fastest pace since August 2008 \u2014 the U.S. Labor Department reported Thursday. That was higher than a gain of 4.7% forecasted by economists surveyed by Dow Jones.<\/p>\n

Currencies and oil<\/h2>\n

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.073 after swinging around the 90 level for much of this week.<\/p>\n

The Japanese yen traded at 109.37 per dollar, stronger than levels above 109.6 seen against the greenback yesterday. The Australian dollar changed hands at $0.7752, as compared with levels around $0.776 seen earlier in the trading week.<\/p>\n

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.12% to $72.43 per barrel. U.S. crude futures shed 0.13% to $70.20 per barrel.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The S&P 500 rose nearly 0.5% overnight on Wall Street to a record closing high of 4,239.18. U.S. consumer prices jumped 5% in May, the […]<\/p>\n","protected":false},"author":3,"featured_media":116253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n