Asia-Pacific markets mixed against a muted Wall Street

Japan -0.05%. Japan July headline inflation 2.6% y/y (vs. expected 2.2%).

China -0.08%.

Hong Kong +0.34%.

Australia -0.03%

India +0.02%.

Overnight in the U.S., major US stock indices are closing marginally higher in a ho-hum summerlike session. The Dow industrial average up 18.7 points or 0.06% at 33999.03, S&P index up 9.7 points or 0.23% at 4283.73. The NASDAQ index up 27.23 points or 0.21% at 12965.35.

New Zealand data – July Credit Card Spending + 3.2% m/m (prior 1.3%).

New Zealand posted slightly higher exports in July at $6.68B New Zealand dollars ($4.17B) from NZ$6.27B. But imports also rose to NZ$7.77B for July from NZ$7.38B in June.

On Friday, Malaysia posted a 38% year-on-year increase in exports in July while its imports expanded 41.9% for the same period.

Tiawan’s Q2 semiconductor output +41% y/y.

Oil prices were a little steadier on Friday, but still down on the week with Brent having touched its lowest since February at one point on concerns about demand.

Brent was down 45 cents to $96.18, while U.S. crude fell 38 cents to $90.12 per barrel.

Gold prices slipped to a three-week low on Friday and were heading for their first weekly decline in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion’s appeal.

Spot gold was down 0.2% at $1,755.89 per ounce, as of 0107 GMT.

U.S. gold futures eased 0.1% to $1,769.20.

Spot silver fell 0.4% to $19.44 per ounce, platinum eased 0.3% to $908.50, and palladium slipped 0.5% to $2,143.66.

U.S. futures lower. Dow Jones -0.21%; S&P 500 -0.26%; Nasdaq -0.34%.

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