Japan’s Nikkei 225 falls nearly 2% as Asia-Pacific stocks slip

SINGAPORE — Stocks in Asia-Pacific slipped in Wednesday morning trade, with some markets in the region closed for holidays.

The Nikkei 225 in Japan fell 1.79% in early trade while the Topix index slipped 1.18%.

Australia’s S&P/ASX 200 also declined 0.65%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.13% lower.

In corporate developments, Singapore Airlines is set to announce its full-year results on Wednesday.

Markets in Hong Kong and South Korea are closed on Wednesday for holidays.

Overnight stateside, the Dow Jones Industrial Average fell 267.13 points to 34,060.66 while the S&P 500 slipped 0.85% to close at 4,127.83. The Nasdaq Composite shed 0.56% to 13,303.64.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.779 following a recent slip from above 90.

The Japanese yen traded at 108.86 per dollar, having strengthened yesterday from above 109 against the greenback. The Australian dollar traded at $0.7787, higher than levels around $0.774 seen earlier this week.

Oil prices slipped in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.41% to $68.43 per barrel. U.S. crude futures shed 0.46% to $65.19 per barrel.

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