SINGAPORE — Stocks in Asia-Pacific were mixed on Friday, with the price of bitcoin tumbling below $49,000.

The Nikkei 225 in Japan fell 0.57% to close at 29,020.63 while the Topix index shed 0.39% to finish the trading day at 1,914.98. Earlier during the session, the Nikkei 225 had fallen more than 1%. South Korea’s Kospi closed 0.27% higher at 3,186.10.

Mainland Chinese stocks nudged higher on the day, with the Shanghai composite rising 0.26% to 3,474.17 while the Shenzhen component gained 1.002% to around 14,351.86. Hong Kong’s Hang Seng index advanced 0.85%, as of its final hour of trading.

Shares in Australia edged higher as the S&P/ASX 200 climbed fractionally to close at 7,060.70.

Over in India, the Nifty 50 and BSE Sensex both slipped fractionally, as of about 1:07 p.m. local time. Investors continued to monitor the coronavirus situation in India as cases continue to climb, with more than 332,000 new daily infections registered on Friday.

MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.59%.

Meanwhile, bitcoin prices dropped below the $49,000 level. As of 3:33 a.m. ET Friday, the price of bitcoin sat at $48,470.05, according to data from Coin Metrics.

TICKER COMPANY NAME PRICE CHANGE %CHANGE
.N225 Nikkei 225 Index NIKKEI 29068.97 48.34 0.17
.HSI Hang Seng Index HSI 29130.12 51.37 0.18
.AXJO S&P/ASX 200 ASX 200 7051.50 -9.20 -0.13
.SSEC Shanghai SHANGHAI 3490.85 16.68 0.48
.KS11 KOSPI Index KOSPI 3202.96 16.86 0.53
.FTFCNBCA CNBC 100 ASIA IDX CNBC 100 11147.46 50.50 0.46

Biden reportedly seeks capital gains tax hike

Overnight on Wall Street, the Dow Jones Industrial Average fell 321.41 points to close at 33,815.90. The S&P 500 declined 0.92% to finish its trading day at 4,134.98 while the Nasdaq Composite closed 0.94% lower at 13,818.41.

The losses stateside came after reports from multiple outlets, including Bloomberg News and The New York Times, that U.S. President Joe Biden is seeking an increase in the tax on capital gains to 39.6% from 20% for Americans earnings more than $1 million,

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.067 following an earlier high of 91.298.

The Japanese yen traded at 107.91 per dollar, still stronger than levels above 108.4 against the greenback seen earlier this week. The Australian dollar changed hands at $0.7735, following its slip yesterday from around $0.776.

Oil prices were higher in the afternoon of Asia trading hours, with international benchmark Brent crude futures up 0.64% to $65.82 per barrel. U.S. crude futures advanced 0.88% to $61.97 per barrel.

SOURCE : https://www.cnbc.com/2021/04/23/asia-markets-wall-street-tumble-coronavirus-currencies-oil.html