Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the US and other nations, the AP reported.
Japan’s benchmark Nikkei 225 dipped 0.5% to finish at 33,447.67 after the producer price index in October came in a little higher than expected, at 2.3%.
Hong Kong’s Hang Seng dropped 0.3% to 17,513.01, while the Shanghai Composite lost 0.4% to 3,028.89.
Australia’s S&P/ASX 200 edged down 0.8% to 6,987.60. South Korea’s Kospi shed less than 0.1% to 2,495.86.
In other trading early Monday, the yield on the 10-year Treasury, which influences interest rates on mortgages and other loans, rose to 4.50% from 4.47%.
Benchmark US crude declined 57 cents to $74.97 barrel in electronic trading on the New York Mercantile Exchange.
It fell $1.56 to $75.54 a barrel on Friday.
Brent crude, the international standard, fell 60 cents to $79.88 a barrel.
The US dollar inched down to 148.97 Japanese yen from 149.53 yen. The euro cost $1.0955, up from $1.0944.
source: spa.gov.sa