Asia-Pacific stocks mixed after Dow sails to record high

SINGAPORE — Shares in Asia-Pacific were mixed in Thursday morning trade despite gains overnight on Wall Street that saw the Dow Jones Industrial Average rising to a new all-time high.

In Japan, the Nikkei 225 slipped 0.64% in early trade while the Topix index dipped 0.36%. South Korea’s Kospi edged 0.3% higher.

Australian stocks were muted as the S&P/ASX 200 traded little changed.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.09% higher.

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The Dow Jones Industrial Average gained 152.03 points overnight to 35,609.34 after touching an all-time high earlier in the session. The S&P 500 advanced 0.37% to 4,536.19 while the Nasdaq Composite lagged, slipping fractionally to 15,121.68.

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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.596 — still off levels above 94 seen earlier this week.

The Japanese yen traded at 114.35 per dollar after strengthening from above 114.4 against the greenback yesterday. The Australian dollar changed hands at $0.7519, holding on to gains after climbing from below $0.744 earlier this week.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.19% to $85.98 per barrel. U.S. crude futures advanced 0.47% to $83.81 per barrel.

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