SINGAPORE — Shares in Asia-Pacific were mixed in Friday trade as investors monitored moves in the commodities space.
The S&P/ASX 200 in Australia advanced 0.14%.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.11%.
Investors watched for market moves in the commodities sector after a recent tumble in prices.
Oil prices were lower in the afternoon of Asia trading hours, adding to losses seen Thursday. International benchmark Brent crude futures slipped 0.79% to $72.50 per barrel. U.S. crude futures declined 0.73% to $70.52 per barrel.
Meanwhile, spot gold rose 0.66% to $1,784.99 per ounce, after seeing sharp declines earlier this week from above $1,840 an ounce.
The Bank of Japan on Friday announced its decision to hold steady on monetary policy as well as an extension of the duration of its pandemic relief program.
“For the time being, the Bank will closely monitor the impact of COVID-19 and will not hesitate to take additional easing measures if necessary, and also it expects short- and long-term policy interest rates to remain at their present or lower levels,” the Japanese central bank said in its monetary policy statement.
Following that announcement, the Japanese yen traded at 110.19 per dollar, stronger than levels above 110.5 against the greenback seen yesterday.