Asian equities mixed | Asian equities mixed

Asian equities followed the stronger lead from US equities.

Japan’s Nikkei 225 added 0.57%. Across the Korean strait, the Kospi edged up 0.09%.

Down Under, the S&P/ASX 200 was flat, with a 4.81% fall in the telecommunication services sub-index offsetting moderate gains in the information technology and consumer staples sectors.

The Hang Seng Index rose 0.73%.The Shanghai Composite added 0.22% and the Shenzhen Composite slipped 0.14%.

In currencies, the dollar was mostly flat against a basket of currencies at 92.319 at 9:30 a.m. HK/SIN, compared to Tuesday’s close of 92.35. The dollar index had fallen as low as 91.621 in the overnight session.

The greenback also recovered from a 4-1/2-month low against the Japanese currency hit after North Korea’s Tuesday missile launch. The dollar last fetched 109.82 yen, firmly above the lows of 108.82 yen plumbed earlier this week.

That followed the release of Japan retail sales for the month of July, which increased 1.9% compared to one year ago.

Meanwhile, the euro edged down to trade at USD 1.1971 after breaking the USD 1.20 level overnight.

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