Asian Indices Mixed; China President Speech In Focus Today

Share indices across Asia were mixed today as caution prevailed ahead of Chinese President Xi Jinping's speech scheduled today, where he will brief his plans for the next five years to China's Communist Party Congress.

Investors will focus on his comments on deleveraging, capacity reduction and the global belt-and-road infrastructure plan. The Shanghai and Shenzhen benchmark indexes were both up 0.1% in early trade after posting declines earlier in the week. The startup-focused ChiNext board was recently up 0.5%.

Brent, the global crude oil benchmark, was up 0.7% at $58.31 a barrel, while Nymex futures rose 0.5% to 52.14.

Singapore's Straits, China's Shanghai Composite, Japan's Nikkei 225 are trading higher, while Hong Kong's Hang Seng, South Korea's Kospi and Taiwan's Taiex are trading in the red.
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About Bhoomi Desai