Asia-Pacific markets were mixed as the region digests May inflation figures out of Australia and China releases its industrial profits for May.
In Australia, the S&P/ASX 200 climbed 1.10% to close at 7,196.5, with the index seeing its largest one-day gain since April 11.
The country saw a lower-than-expected weighted inflation rate of 5.6% in May. Economists polled by Reuters expected the country’s inflation rate to ease to 6.1%, compared with the 6.8% recorded in April.
In Japan, the Nikkei 225 rebounded more than 2% after three straight days of losses, crossing the 33,000 mark and closing at 33,193.99. The Topix also surged almost 2%, ending the day at 2,298.6.
In contrast, South Korea’s Kospi lost 0.67% to end at 2,564.19, while the Kosdaq was down 0.82%, with both indexes recording a second straight day of losess.
Hong Kong’s Hang Seng index reversed earlier losses to climb 0.3% in its final hour of trade. However, mainland Chinese markets were in negative territory as China’s industrial profits sank 18.8% in first five months of 2023.
The Shanghai Composite was down marginally to end the day at 3,189.38, while the Shenzhen Component saw a larger loss of 0.47%, closing at 10,926.32.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 33520.59 | 326.6 | 0.98 |
| .HSI | Hang Seng Index | *HSI | 19016.39 | -155.66 | -0.81 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 7211 | 14.5 | 0.2 |
| .SSEC | Shanghai | *SHANGHAI | 3183.73 | -5.65 | -0.18 |
| .KS11 | KOSPI Index | *KOSPI | 2573.33 | 9.14 | 0.36 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 8488.61 | 10.52 | 0.12 |
Overnight in the U.S., all three major indexes climbed, the Dow Jones Industrial Average climbing 0.63 % and marking its first gain seven days.
The Nasdaq Composite surged 1.65% as investors piled back into tech stocks, and the S&P 500 advanced 1.15%.
Source : CNBC
Add Comment