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Asia-Pacific markets traded mixed on Monday after the Group of Seven summit in Hiroshima concluded and talks on the debt ceiling are slated to resume in the U.S. In Japan, the Nikkei 225 slid 0.11% and the Topix traded close to the flatline following its outperformance last week. In Australia, the S&P/ASX 200 was marginally lower, while South Korea's Kospi was fractionally higher. In contrast, the Kosdaq saw a loss of 0.34%Hong Kong's Hang Seng index looks to slightly fall, with futures at 19,410 compared to its close of 19,450.57. China's 1-year and 5-year loan prime rates for May are scheduled to be released later in the day.
The Bank of Japan (BOJ) headquarters is seen beyond the cherry blossoms in Tokyo on March 20, 2023. The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negotiations. Leaders from the Group of 7 will be gathering in Hiroshima, Japan for the G-7 summit that kicks off today. Japan stocks were on course to seeing its best week since October as the Nikkei 225 rose 0.67%, maintaining the highest levels since 1990 and the Topix climbed 0.37% in early trade — marking its sixth winning streak. Japan's core inflation in April rose 3.4% year-on-year, maintaining levels above the central bank's target.
Asia-Pacific markets are set to rise on hopes of U.S President Joe Biden and congressional leaders inching closer to a deal to raise the U.S. debt ceiling and avoid a default. House Speaker Kevin McCarthy said that a "better process" is now in place for further talks, saying it's "possible to get a deal by the end of the week." Biden shortened his trip to Asia to focus on the negotiations, the White House said. South Korea's Kospi gained 0.66% and the Kosdaq gained 0.77% in Asia's morning trade. Stocks in Australia also rose, with the S&P/ASX 200 up 0.74% as investors await the economy's unemployment figures for April.
Asia-Pacific markets are trading mixed as the region looks to economic data from several countries, including Japan and Australia. South Korea's Kospi traded close to the flatline on Wednesday, while the Kosdaq saw a 0.49% gain. In Australia, the S&P/ASX 200 slipped 0.79%, dragged by mining stocks as investors await the nation's wage price index later today. The wage price index measures changes in the price of labor in Australia, and is a key metric when the country considers its monetary policy. In Hong Kong, futures for the Hang Seng index were at 19,884, lower than the HSI's last close of 19,978.25.
The view from the observation deck at Shanghai Tower in Shanghai, China, on Sunday, April 9, 2023. Photographer: Qilai Shen/Bloomberg via Getty ImagesAsia-Pacific markets are set to rise ahead of key economic releases from China. Compared to a low base seen in April a year ago, market watchers are largely expecting a rebound in growth. In mainland China, the Shanghai Composite and the Shenzhen Component saw their best days since May 8 and March 20, respectively. South Korea's Kospi and Kosdaq also saw gains on Tuesday, advancing 0.66% and 0.75% respectively, while Australia's S&P/ASX 200 slipped 0.15%.
Asia-Pacific markets are trading mixed after two out of three major U.S. indexes recorded a second straight week of losses, fueled by concern over the U.S. debt ceiling and disappointing economic data. U.S. President Joe Biden and congressional leaders postponed a meeting set for Friday to the following week. Australia's S&P/ASX 200 opened marginally lower, along with South Korea's Kospi and Kosdaq, which lost 0.24% and 1.02% respectively. Japan's Nikkei 225 was up 0.51%, with the Topix also 0.5% higher on Monday. Hong Kong's Hang Seng index looks set for a lower open, with contracts tied to the index at 19,421 compared to the HSI's last close of 19,627.
(Photo by Marc Fernandes/NurPhoto via Getty Images)Asia-Pacific markets are trading mixed after the U.S. posted more data that showed inflation was easing. The producer price index for April, posted a year-on-year increase of 0.2%, against a Dow Jones estimate for 0.3% and after declining 0.4% in March. In mainland China, the Shanghai Composite fell 1.12% and closed at 3,272.36, dragged lower by in academic and educational services stocks. Hong Kong's Hang Seng index also fell 0.7% ahead of its first-quarter GDP figures. The Topix also climbed 0.64% and ended at 2,096.39, led by health care and utilities stocks.
SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. Asia-Pacific markets traded mixed after Wall Street saw a tech rally as U.S. consumer price index rose less than expected for April. The consumer price index showed a reading of 4.9%, slightly less than the 5% gain anticipated by economists polled by Dow Jones. Investors in Asia will be closely watching the inflation print from China for April as well later Thursday, forecasted to come in at 0.3%, according to a Reuters poll of economists. Futures tied to Hong Kong's Hang Seng index stood at 19,725, lower than the HSI's last close of 19,762.
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. Asia-Pacific markets traded mixed ahead of China's April trade data release as well as U.S. inflation reports later this week. China is projected to record a trade surplus of $74.3 billion, lower than the $88.2 billion in March, according to a Reuters poll. In Australia, the S&P/ASX 200 fell 0.33% and South Korea's Kospi was 0.21% down, with the Kosdaq also shedding 0.39%. Futures for Hong Kong's Hang Seng index stood at 20,222, signaling a lower open compared with its last close of 20,297.03.
Asia-Pacific markets are trading mixed on Monday after Wall Street snapped a four-day losing streak Friday. In Australia, the S&P/ASX 200 opened 0.47% higher, while in South Korea, the Kospi rose 0.62% and the Kosdaq was up 0.76%. Japan's Nikkei 225 sunk 0.46% in early trade, while the Topix reversed earlier losses and gained 0.15%. Au Jibun bank is slated to release private surveys on its services purchasing managers index for Japan later Monday, as well as its composite purchasing managers index. Futures tied to Hong Kong's Hang Seng index point to a lower open for the index, trading at 19,984 compared to its last close of 20,049.31.
The full moon, otherwise known as a strawberry supermoon, is seen over the Skyline of the CBD in Sydney, Australia June 15, 2022. Asia-Pacific markets fell as banking fears were reignited on Wall Street, sending the three major U.S. indexes into a four day losing streak. Regional bank shares sold off, with the SPDR S&P Regional Bank ETF (KRE) dropping more than 5% and some banks seeing volatile trading. Futures for Hong Kong's Hang Seng index stood at 19,904, pointing to a lower open compared to its last close of 19,948.73. China's Caixin services purchasing managers index for April will be published later today, a day after the Caixin manufacturing PMI fell into contraction territory.
The US Federal Reserve Building is seen in Washington, DC, May 3, 2023. However, the Fed did hint at a possible pause to hikes. In Australia, the S&P/ASX 200 fell 0.24%, ahead of the country's March trade data due later Wednesday. Futures for Hong Kong's Hang Seng index were also lower standing at 19,656, compared to its last close of 19,699.16. Mainland Chinese markets are set to reopen after the Labor Day holiday, while Japanese markets are closed for a holiday Thursday.
Asia-Pacific markets are set to fall Wednesday as investors look ahead to the U.S Federal Reserve's policy decision due out early Thursday morning in Asia. A Reuters poll found 94 out of 105 economists said they expect the Fed to hike rates by 25 basis points, with the remainder forecasting a pause. In Australia, the S&P/ASX 200 opened 0.21% lower, while South Korea's Kospi dropped 0.55% and the Kosdaq saw a larger loss, falling 0.85%. Hong Kong's Hang Seng index is also set for a lower open, with futures tied to the index standing at 19,624 compared to its last close of 19,933.81. Markets in Japan and mainland China are closed for a holiday Wednesday.
A pedestrian passes the Reserve Bank of Australia (RBA) building in Sydney, Australia, on Monday, Sept. 6, 2021. Asia-Pacific markets are largely higher as most markets reopen after the long Labor Day weekend. For Tuesday, investors will be closely watching Australia's central's bank to see if it will continue to hike interest rates, having held the benchmark policy rate at 3.6% in their last meeting. In Australia, the S&P/ASX 200 was 0.15% lower as investors await the country's central bank decision on whether it will continue to hike rates. South Korea's Kospi rose 0.74%, while the Kosdaq climbed 0.75% after the country saw its inflation rate slow to a 14-month low of 3.7%.
Sydney Harbour taking in the Harbour Bridge, Opera House and ferries at sunrise during the COVID-19 pandemic on April 20, 2020 in Sydney, Australia. Australian and Japanese markets are both trading higher even as most Asian markets are closed for the Labor Day holiday Monday. In Australia, the S&P/ASX 200 rose 0.14%, as the country saw its factory activity in April contracted at its fastest pace in 35 months, with private surveys from Juno Bank showing its purchasing managers index standing at 48. Au Jibun bank will release Japan's factory activity data for April later in the day. Over the weekend, China's factory activity unexpectedly slipped into contraction territory with its official manufacturing purchasing managers index at 49.2, in contrast to economists expectations of 51.4.
New Governor of Bank of Japan Kazuo Ueda waits for Japanese Prime Minister Fumio Kishida in Tokyo on April 10, 2023. Asia-Pacific markets largely rose on Friday after the Bank of Japan kept its monetary policy unchanged in the first monetary policy meeting chaired by new governor Kazuo Ueda. Japanese markets were all higher and led gains in the region, with the Nikkei 225 closing 1.4% higher at 28,856.44 following the central bank's decision and the Topix rose 1.23% to end the day at 2057,48. Hong Kong's Hang Seng index climbed 0.42% in its final hour, while the Hang Seng Tech index jumped 1.12%. In mainland China, the Shenzhen Component ticked up 1.08% to end at 11,338.67 and the Shanghai Composite rose 1.14% to close at 3,323.27.
Asia-Pacific markets traded mixed on Wednesday as Wall Street's earnings season continued and U.S. Federal Reserve officials delivered mixed signals on future rate hikes. Atlanta Federal Reserve President Raphael Bostic told CNBC that he sees one more rate hike of 25 basis points, before pausing to see its impact on the economy. This would take the U.S. Federal Funds rate to 5% to 5.25%. Bostic's words come as St. Louis Federal Reserve President James Bullard told Reuters that he favors a higher terminal rate of between 5.50% and 5.75%. Australia's S&P/ASX 200 was 0.11% up in early trading, while Japan's Nikkei 225 dipped 0.27% and the Topix fell 0.3%.
SHANGHAI, CHINA - MARCH 7, 2023 - The Oriental Pearl Tower, Shanghai Tower, Jinmao Tower and World Financial Center are seen on Lujiazui Street, Shanghai, China, March 7, 2023. Asia-Pacific traded mixed on Monday, as Wall Street looks ahead to another major earnings week, including the likes of Charles Schwab, Bank of America and Morgan Stanley. The quarterly earnings reports would shed light into the overall health of the financial sector in the U.S. following the collapse of Silicon Valley Bank and how that would shape the U.S. Federal Reserve's tightening cycle. China's gross domestic product report is slated to be released on Tuesday, with economists polled by Reuters expecting to see a 4% rise year-on-year for the first quarter of 2023, higher than the final quarter of last year. That would mark the biggest rise in nearly a year.
Asia-Pacific markets largely rose on Friday after Wall Street rose as the U.S. producer price index signaled further signs of cooling inflation. The March producer price index, a measure of prices paid by companies and often a leading indicator of consumer inflation, declined by 0.5% month-on-month, after the U.S. consumer price index saw the smallest increase in nearly two years. In Singapore, its central bank maintained its monetary policy as its core inflation remains at the highest levels in 14 years. The economy saw a quarterly contraction of 0.7% and a marginal growth of 0.1% year-on-year, advance estimates showed.
A Star Ferry ship parked in front of the Hong Kong Skyline on October 13, 2022 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets fell on Thursday after minutes from the March Federal Open Market Committee meeting showed that Fed officials see the U.S. economy entering a recession in the wake of the banking crisis. Comments from the Fed erased earlier gains seen on Wall Street after the release of the U.S. consumer price index report that showed inflation cooled in March. The CPI rose 0.1% for the month against a Dow Jones estimate for 0.2%, and 5% from a year ago versus the estimate of 5.1%. Excluding food and energy, the core CPI rose 0.4% and 5.6% on an annual basis.
Commercial and residential buildings at dusk in Tokyo, Japan, on Wednesday, Feb. 8, 2023. Asia-Pacific markets were mixed on Wednesday as Wall Street digested a key U.S. labor report that showed job openings dropped to their lowest level in nearly two years in February. In Australia, the S&P/ASX 200 was up marginally, while Japanese markets saw larger losses. The Nikkei 225 slid 0.65%, while the Topix lost 0.85%. Mainland Chinese and Hong Kong markets are closed for a holiday.
Hong Kong island and Victoria Harbour cityscape, viewed from Victoria Peak. In the foreground, the Bank of China tower and Cheung Kong Center skyscrapers. Asia-Pacific markets were trading mixed on Thursday with Hong Kong looking to extend its gains. On Wednesday, Hong Kong markets gained over 2%, led by China's tech giant Alibaba on news of its major shakeup. South Korea's Kospi was up fractionally, while the Kosdaq index gained 0.54%.
Chinese technology stocks such as Alibaba and Tencent have been hammered in 2022 as regulatory pressure and a slowing Chinese economy weighed on growth. But investors are starting to feel slightly more optimistic toward Chinese tech giants in 2023. Asia-Pacific markets were mixed on Wednesday as investors will keenly watch Alibaba's Hong Kong-listed shares, after the Chinese tech giant announced it will split into six business groups. In Japan, the Nikkei 225 opened marginally lower, but the Topix rose 0.13%. South Korea's Kospi fell fractionally, while the Kosdaq index rose 0.03%.
Asia-Pacific markets were higher on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. In Australia, the S&P/ASX 200 rose 1.11%. Japan's Nikkei 225 was up 0.3%, while the Topix saw a larger gain of 0.57% in early trading. Hong Kong's Hang Seng index was also looking to trade higher, with futures standing at 19,638 compared to the index's last close of 19,567,69. Elsewhere, South Korea will release its consumer sentiment index for March, while Australia will see its retail sales data for February.
A Cruise Ship next to Hong Kong Skyline on March 21, 2023 in Hong Kong, China. (Photo by Vernon Yuen/NurPhoto via Getty Images)Asia-Pacific markets were mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe. On Friday, Deutsche Bank saw a selloff of its U.S.-listed shares, after the German lender's credit default swaps jumped, without an apparent catalyst. In Australia, the S&P/ASX 200 rose 0.26%, while Japan's Nikkei 225 also opened 0.15% higher and the Topix climbed 0.21%. Hong Kong markets were also poised to fall, with Hang Seng futures trading at 19,864 compared to 19,915.68.
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