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☆ North Korea's Kim blasts 'irresponsible' top officials for flood damage
▼ + stars: | 2023-08-22 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

[1/6] North Korean leader Kim Jong Un gives a field guidance in South Pyongan Province, North Korea, in this undated photo released by North Korea's Korean Central News Agency (KCNA) on August 21, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Aug 22 (Reuters) - North Korean leader Kim Jong Un has lashed out at top officials for their "irresponsible" response to flood damage, saying they had "spoiled" the national economy, state media reported on Tuesday. Such irresponsibility and lack of discipline from officials is "mainly attributable to the feeble work attitude and wrong viewpoint of the premier of the cabinet," Kim said. This week's visit is the latest in a series of inspections the North Korean leader has made of flood-hit farmlands amid mounting concerns over a food crisis in the reclusive country. Lim Eul-chul, a professor of North Korean studies at South Korea's Kyungnam University, said Kim's harsh criticism could herald a cabinet reshuffle.

Persons: Kim Jong Un, Kim Jong, Kim, KCNA, Kim Tok Hun, Kim Tok, Lim Eul, Lim, Soo, hyang Choi, Miral Organizations: North, Korean Central News Agency, KCNA, REUTERS Acquire, Rights, North Korean, Korea's Kyungnam University, Thomson Locations: South Pyongan Province, North Korea, Rights SEOUL

☆ Asia markets largely rise as 10-year U.S. Treasury yield hits 16-year high
▼ + stars: | 2023-08-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The ICC International Commerce Centre, and Hong Kong's brand new museum of visual culture, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty ImagesAsia-Pacific markets largely rose even as yields of U.S. 10-year Treasury bonds hit levels not seen in over a decade. The benchmark 10-year Treasury note yield hit a high of 4.34%, reaching its highest level since November 2007. Overnight, SoftBank Group's chip unit Arm filed for a Nasdaq listing that is expected to be the largest of the year. Futures for Hong Kong's Hang Seng index point to a rebound for the index and stood at 17,680,compared with the HSI's close of 17,623.29.

Persons: Kospi Organizations: ICC International Commerce Centre, Ucg, Getty, Nikkei, Nasdaq Locations: Victoria, Hong Kong, China, Asia, Pacific

☆ Is nuclear energy the answer to a sustainable future? Experts are divided
▼ + stars: | 2023-08-22 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

Nuclear power has been touted as a proven, safe way of producing clean energy, but why isn't it more widely adopted? Schroders noted that nuclear power is not only scalable, but much cleaner — emitting just 10-15 grams of CO2 equivalent per kilowatt hour. That's the reason why nations are having a second look at nuclear power, Shellenberger said. A report by global campaigning network Greenpeace in March 2022 was of the position that besides the commonly held concern of nuclear safety, nuclear energy is too expensive and too slow to deploy compared to other renewables. Greenpeace acknowledged that "all in all, nuclear power stations score comparable with wind and solar energy."

Persons: Sean Gallup, Michael Shellenberger, Schroders, Shellenberger, we're, CNBC's, Adam Fleck, hasn't, Fleck Organizations: Getty, Greenpeace, CNBC, Governments, International Energy Agency, Soviet Union Locations: U.S, Ukraine, Fukushima, Japan

☆ Asia markets poised for mixed open ahead of China's loan prime rate announcement
▼ + stars: | 2023-08-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall ahead of China's announcement for its one-year and five-year loan prime rates on Monday. The one-year and five-year LPR currently stands at 3.55% and 4.2% respectively. Reuters reported that in a poll of 35 market watchers, all participants predicted cuts to both rates, after China's central bank unexpectedly lowered the medium-term lending facility rate last week. Futures for Hong Kong's Hang Seng index stood at 17,794, pointing to a weaker open compared with its Friday close of 17,950.85. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,070 compared with its last close of 7,148.1.

Persons: LPR Organizations: Reuters, Nikkei Locations: Asia, Pacific, Australia, Chicago, Osaka

☆ Chinese property developer Country Garden to be removed from Hang Seng Index on Sept. 4
▼ + stars: | 2023-08-21 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

The headquarters of China's developer Country Garden Holdings in Foshan, in China's southern Guangdong province. Chinese real estate company Country Garden Holdings is set to be removed from Hong Kong's Hang Seng Index on Sept. 4. The index's operator said Country Garden will be replaced by pharmaceutical firm Sinopharm. Property management firm and affiliate Country Garden Services Holdings will also be removed from the Hang Seng China Enterprises Index. The Hang Seng China Enterprises Index serves as a benchmark that reflects the overall performance of mainland securities listed in Hong Kong.

Organizations: Garden Holdings, Garden Services Holdings, Hang Seng China Enterprises, Seng China Enterprises Locations: Foshan, China's, Guangdong, Hong Kong

☆ Strategist says these are the Asian markets to invest in if China become 'uninvestable'
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist says these are the Asian markets to invest in if China become 'uninvestable'Yuin Lim of Lion Global Investors explains why investors should switch to two other big Asian markets if the Chinese geopolitical environment escalates

Persons: Yuin Lim Organizations: Lion Global Locations: China

☆ Asia markets to fall ahead of Japan inflation data; China's Evergrande files for bankruptcy
▼ + stars: | 2023-08-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japan ,Tokyo City skyline, Tokyo Tower. (Photo by: Dukas/Universal Images Group via Getty Images) Prisma By Dukas | Universal Images Group | Getty ImagesAsia-Pacific markets are set to fall on Friday ahead of Japan's July inflation data and fresh blows to China's real estate sector. Embattled Chinese real estate giant Evergrande has reportedly filed for bankruptcy protection in a U.S bankruptcy court. Futures for Hong Kong's Hang Seng index stood at 18,147, pointing to a weaker open compared to the HSI's close of 18,326.63. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,067 compared to the last close of 7,146.

Organizations: Getty, Dukas, Reuters, Futures, Nikkei Locations: Japan, Tokyo City, Tokyo, Asia, Pacific, U.S, United States, Chicago, Osaka, Australia

☆ China's central bank steps up intervention after yuan hits 16-year low against greenback
▼ + stars: | 2023-08-18 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

The yuan midpoint is a reference point for trading, and caps the range between +2% and -2%. Stock Chart Icon Stock chart iconFriday's move comes after the onshore yuan fell to a 16-year low against the greenback on Wednesday, trading at 7.2981. The onshore yuan strengthened 0.1% against the greenback at 7.2836 on Friday, and the offshore yuan weakened marginally to 7.3057. The onshore yuan is traded on the mainland and referred to as the CNY, while the offshore yuan — traded in markets like Hong Kong and Singapore — is referred to as the CNH. It vowed to "maintain the basic stability of the RMB exchange rate at a reasonable and balanced level, and resolutely prevent the risk of exchange rate overshoot."

Persons: Vishnu Varathan Organizations: Nurphoto, People's Bank of, U.S, Reuters, Mizuho Bank Locations: Fuyang city, East China's Anhui, People's Bank of China, Hong Kong, Singapore, Asia, Oceania

☆ Missiles aren't the only threat from North Korea. Its conventional arms are just as deadly
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A fire assault drill by North Korean rocket artillery units at an undisclosed location in North Korea in March 2023 in this photo released by North Korea's Korean Central News Agency (KCNA). In late 2022, CFR estimated North Korea had 1.3 million active military personnel, in addition to a 600,000 strong reserve force. Pinkston pointed out that North Korea is not the only one that can launch an attack at short notice. Holistic perspectiveWhy would North Korea need to develop missiles if it holds such a potent threat over South Korea — even if short-lived? However, Cha pointed out that there have also been studies that have shown the damage inflicted by North Korean artillery is "not that effective."

Persons: that's, Naoko Aoki, Victor Cha, Rand, Daniel Pinkston, Pinkston, Cha Organizations: North Korean, North, Korean Central News Agency, Reuters, Korea's, Rand Corporation ., of Foreign Relations, CFR, Korean, Artillery, Center for Strategic, International Studies, Rand Corp, Samsung Electronics, Rand, . Rand Corporation, LG, South Korean, Troy University, CNBC, Korea People's Army, CSIS Locations: North Korea, Korean, Korea, South Korea, Seoul, Pyongyang, U.S, Paju, counterfire, Washington, United States, Victor, Victor Cha Korea

☆ Asia markets fall further as Fed hints at higher rates
▼ + stars: | 2023-08-17 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets extended their losses on Thursday after the U.S. Federal Reserve's July minutes showed inflation concerns lingered, which could lead to more rate hikes. The Federal Funds rate currently stands at 5.25% to 5.5%, the highest in 22 years. In Australia, the S&P/ASX 200 opened down 0.15%, ahead of its unemployment rate for July. Japan's Nikkei 225 slid 0.45% and the Topic was 0.38% lower, as the country saw its trade balance slip into a deficit in July from a surplus in June. Futures for Hong Kong's Hang Seng index stood at 18,064, pointing to a weaker open compared to the HSI's close of 18,329.3.

Organizations: U.S, U.S . Federal, Japan's Nikkei Locations: Asia, Pacific, U.S ., Australia, South Korea

☆ Asia markets poised to fall as bank stocks retreat under pressure on Wall Street
▼ + stars: | 2023-08-16 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set to fall on Wednesday mirroring moves on Wall Street after a decline in U.S. banks. Shares of JPMorgan Chase and Wells Fargo dropped 2%, and Bank of America dropped 3%. The action came after Fitch warned it may have to downgrade credit rating dozens of banks, including JPMorgan Chase. Futures for Hong Kong's Hang Seng index stood at 18,360, pointing to a weaker open compared to the HSI's close of 18,581.11. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,168 compared to the last close of 7,305.6.

Persons: Wells Fargo, Fitch, Moody's Organizations: Bund, JPMorgan Chase, Bank of America, Asia Japan's Nikkei Locations: Shanghai, China, Asia, Pacific, U.S, Chicago, Osaka, Australia

SEOUL, Aug 16 (Reuters) - North Korea's claim on Wednesday that U.S. soldier Travis King fled racism and abuse in America comes as Pyongyang pushes back on Washington's criticism of the North's human rights record. King has not been directly heard from, but an uncle in United States told media this month his nephew said he experienced racism during his military service. During the protests after the police killing of George Floyd in 2020, North Korean officials cited "extreme racists" in America and criticised authorities' response for threatening to "unleash even dogs for suppression". North Korean state media has its own history of issuing racially charged statements. A landmark 2014 U.N. report on North Korean human rights concluded that North Korean security chiefs - and possibly leader Kim Jong Un himself - should face justice for overseeing a state-controlled system of Nazi-style atrocities.

Persons: Travis King, King, Lim Eul, Donald Trump, George Floyd, Harrison Kim, Eldridge Cleaver, ”, Barack Obama, gaunt, Obama, Kim Jong Un, Josh Smith, Soo, hyang Choi, Gerry Doyle Organizations: U.S . Army, United Nations Security, U.S, North, Korea's Kyungnam University, University of Hawaii, NK News, Black Panther Party, Thomson Locations: SEOUL, America, Pyongyang, Korea, United States, North Korea, U.S, Charlottesville , Virginia, Seoul, North Korean, African, China

☆ Asia markets set for mixed open ahead of key data from Japan and China
▼ + stars: | 2023-08-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Photographer: Kentaro Takahashi/Bloomberg via Getty ImagesAsia-Pacific markets are set for a mixed open on Tuesday ahead of key economic data out from Japan and China. Japan will release its second quarter gross domestic product, while China will see its industrial output and retail sales figures for July. Expectations from economists polled by Reuters were Japan's economy will grow 0.8% on a quarter on quarter basis and 3.1% on an annualized basis. Futures for Hong Kong's Hang Seng index stood at 18,680, pointing to a weaker open compared to the HSI's close of 18,773.55. Hong Kong looks set to extend losses for a third straight day, after the HSI slid 1.58% on Monday.

Persons: Kentaro Takahashi, HSI Organizations: Bloomberg, Getty Images, Japan's Nikkei, Reuters, Reserve Bank Locations: Shibuya, Tokyo, Japan, Getty Images Asia, Pacific, China, Chicago, Osaka, Hong Kong, Australia

☆ Asia markets set for mixed open as investors look ahead to Japan data
▼ + stars: | 2023-08-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Tokyo Skytree (R) and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023. Asia-Pacific markets are set to start mixed on Monday as investors look toward key data from Japan and China later in the week. Futures for Hong Kong's Hang Seng index stood at 18,857, pointing to a weaker open compared to compared to the HSI's close of 19.075.19. This would be the first time in almost a month that the HSI went lower than the 19,000 mark. In Australia, futures for the S&P/ASX 200 also point to a lower open, at 7,251 compared to the last close of 7,340.1

Persons: HSI Organizations: Mount, Nikkei Locations: Tokyo, Mount Fuji, Ichikawa city, Chiba prefecture, Asia, Pacific, Japan, China, Chicago, Osaka, 19.075.19, Australia

☆ Yen breaches 145 mark against the dollar, prompting expectations of BOJ intervention
▼ + stars: | 2023-08-14 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. Tomohiro Ohsumi | Bloomberg | Getty ImagesThe Japanese yen breached the 145 mark against the dollar on Monday, the first time since November 2022. Stock Chart Icon Stock chart iconIn a forex snap note on Monday, HSBC said it expects the Japanese Ministry of Finance to "start pushing back in the 145-148 range." The Japanese government and the BOJ stepped in to buy the yen at 145 to the dollar in September 2022. Stock Chart Icon Stock chart iconThe U.S. dollar has also been on an uptrend since end July, with the dollar index climbing from a low of 99.77 on July 13 to its current level of 102.99.

Persons: Ohsumi Organizations: U.S, The U.S, Federal, Bloomberg, Getty, Bank of Japan, HSBC, Ministry of Finance, U.S ., Treasury Locations: Tokyo, Japan, The

☆ Singapore downgrades GDP outlook, avoids recession
▼ + stars: | 2023-08-11 | by ( Chen Lin | ) www.reuters.com time to read: +3 min

Goss domestic product (GDP) expanded a seasonally-adjusted 0.1% quarter-on-quarter in April to June, slower than 0.3% growth seen in the government's advance estimate. Manufacturing will remain weak, dampened by a protracted downturn in electronics, while finance and insurance sectors will likely be subdued, MTI said. The ministry narrowed its GDP growth forecast to 0.5% to 1.5% this year from 0.5% to 2.5% previously. Analysts are expecting no change to monetary policy at MAS's October meeting, despite cooling momentum. MAS left its policy settings unchanged in April, after tightening five times in a row since October 2021, reflecting concerns over the city-state's growth outlook.

Persons: Feline, Goss, MTI, Yong Yik Wei, Brian Tan, Chen Lin, Tom Westbrook, Kanupriya Kapoor, Jacqueline Wong Organizations: Port, REUTERS, MAS, Ministry of Trade and Industry, The Straits Times, Monetary Authority, Singapore's, Barclays, Thomson Locations: Port of Singapore, MTI, SINGAPORE, Singapore, Asia

☆ Singapore Q2 GDP grows 0.1% q/q, lower than first estimated
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: 1 min

Container cranes are pictured at the Port of Singapore, June 10, 2018. REUTERS/Feline Lim/File PhotoSINGAPORE, Aug 11 (Reuters) - Singapore's economy expanded less than initially estimated in the second quarter, official data showed on Friday. Gross domestic product (GDP) grew a seasonally adjusted 0.1% quarter-on-quarter in April to June, the Ministry of Trade and Industry said, lower than the 0.3% growth seen in the government's advance estimate. On an annual basis, the economy expanded 0.5%, compared with the government's advance estimate of 0.7% and first quarter growth of 0.4%. Reporting by Chen Lin; Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Feline, Chen Lin, Kanupriya Kapoor Organizations: Port, REUTERS, Gross, Ministry of Trade, Industry, Thomson Locations: Port of Singapore, SINGAPORE

☆ Country Garden shares hit record low after profit warning as debt fears loom
▼ + stars: | 2023-08-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

Shares of beleaguered Chinese real estate company Country Garden Holdings slumped to an all-time low on Friday as the company issued a profit warning a day earlier. The stock fell to an intraday low of 90 Hong Kong cents, extending the company's losing streak after eight sessions of losses in the past nine days. The sell-off in Country Garden shares also spilled over to the wider property sector. The broader Hang Seng Mainland Property Index was 1.49% lower in afternoon trade on Thursday. Shares of counterpart Longfor Group were down 1.9%, while China Resources Land saw its shares slide about 1%.

Organizations: Garden Holdings, Hong, Country Garden, Mainland, Longfor, China Resources Locations: Hong Kong, China

☆ Asia markets set for mixed open as U.S. inflation cools more than expected
▼ + stars: | 2023-08-11 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Asia-Pacific markets are set for a mixed open on Friday after inflation in the U.S. came in lower than expected, raising hopes markets could see a "soft landing" in the inflation fight. On a month-to-month basis, inflation increased 0.2%, in-line with estimates. Futures for Hong Kong's Hang Seng index stood at 19,292, pointing to a stronger open compared to compared to the HSI's close of 19,248.26. However, in Australia, futures for the S&P/ASX 200 point to a lower open, at 7,281 compared to the last close of 7,357.4. Japan's markets are closed for a public holiday, but Asia will see key economic data out from New Zealand on Friday.

Persons: Dow Jones Locations: Auckland , New Zealand, Asia, Pacific, U.S, Australia, New Zealand

☆ Asia markets all fall ahead of U.S. inflation data
▼ + stars: | 2023-08-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

The Sydney Opera House, foreground, and buildings in the financial district stand illuminated at dusk in Sydney, Australia Photographer: Cole Bennetts/Bloomberg via Getty ImagesAsia-Pacific markets fell as investors braced for July consumer price index data out from the U.S. on Thursday. Expectations from economists polled by Reuters are the inflation rate will come in at 3.3%, slightly higher from the 3% seen in June. Japan's Nikkei 225 slid 0.33% and the Topix was down 0.16%. The country saw its July wholesale inflation rate — which measures the price companies charge each other for goods and services — slow to 3.6%, down from a revised figure of 4.3% in June. Australia's S&P/ASX 200 traded just below the flatline, with South Korea's Kospi was down 0.43% and the Kosdaq lost 0.77%Futures for Hong Kong's Hang Seng index stood at 19,168, pointing to a lower open compared to the HSI's last close of 19,246.03.

Persons: Cole Bennetts, Australia's, Kospi Organizations: Sydney Opera House, Bloomberg, Getty Images, Reuters, Japan's Nikkei Locations: Sydney, Australia, Getty Images Asia, Pacific, U.S

☆ China lifts ban on group travel to more than 70 locations, giving a boost to travel stocks
▼ + stars: | 2023-08-10 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

China lifted a ban on group tours to more than 70 locations, giving travel and airline stocks in Asia a boost. China's culture and tourism ministry said Thursday that group tours will resume to over dozens of locations in Asia-Pacific, Europe, Africa and North America. South Korean airline and travel stocks saw the strongest reaction, with tour agency, airline and hotel stocks all surging. Travel agency Lotte Tour Development saw its shares spike more than 25%, while shares of luxury hotel operator Hotel Shilla surged 17%. South Korean airlines also saw gains, with Asiana Airlines climbing 7% and Korea Airlines advancing 3.1%.

Organizations: North America, Travel, Lotte Tour Development, Asiana Airlines, Korea Airlines Locations: Seoul, China, Asia, Pacific, Europe, Africa, North, Japan, South Korea, Australia, United Kingdom, Germany, Finland, Sweden, Qatar, Oman, Lebanon, Israel

☆ Neretva River: Scientists are fighting to save the ‘blue heart’ of Europe
▼ + stars: | 2023-08-10 | by ( Nell Lewis | ) edition.cnn.com time to read: +13 min

Bosnia and Herzegovina CNN —The Neretva River carves its way through Bosnia and Herzegovina’s impenetrable forest. The Neretva River flows 140 miles (225 kilometers) from its source in the mountains of Bosnia and Herzegovina to the Adriatic Sea in Croatia. Nell Lewis/CNN Scientists warn that hydropower plants could have a detrimental effect on the region's biodiversity. Nell Lewis/CNN Scientists, concerned about the effects of the proposed hydropower plants, gathered on the banks of the Neretva in June as part of the Save the Blue Heart of Europe campaign. This has taken its toll on wildlife, with one in three freshwater fish species threatened with extinction.

Persons: Joshua D, Lim, Marco Secchi, Ursi Seibert, Nell Lewis, Vladimir Tadic, Linda Majdanová, ”, Ulrich Eichelmann, “ It’s, ” Ulrich Eichelmann, Kurt Pinter, Pinter, it’s, ” Radomir Sladoje, “, GENT SHKULLAKU Organizations: CNN, Herzegovina CNN, Center for Environment, Center of Environment, “ Neretva Science, Science, EU, Developers, EFT Group, Neretva Science, Getty, Bern Convention Locations: Bosnia, Herzegovina, Bosnian, Balkans, Adriatic, Croatia, Mostar, Herzegovina's, Kalinovik, Neretva, Linda, “ Neretva, “, Balkan, Europe, EU, Ulog, Vienna, Austria, Albania, GENT, AFP, Bern

☆ Stocks in China fall as consumer prices drop for the first time in more than 2 years
▼ + stars: | 2023-08-09 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

A vegetables stall in the Haizhu area of Guangzhou, China, in May 2023. Stocks in China and Hong Kong fell Wednesday as China's consumer prices slipped into negative territory in July, for the first time in 28 months. The CSI300, which tracks stocks of the largest listed companies in Shanghai and Shenzhen, fell 0.22%. Mainland Chinese markets were lower, with the Shanghai Composite down 0.36% and the Shenzhen Component 0.28% lower. Producer price index fell 4.4% in July compared to a year ago, more than the 4.1% expected by economists polled by Reuters.

Persons: Hong Kong, China's, Mohamed El, Kospi, Australia's Organizations: Shenzhen, Reuters —, Reuters, Allianz, Twitter, Nikkei Locations: Haizhu, Guangzhou, China, Stocks, Hong, Shanghai, Shenzhen, Asia, Pacific

☆ Asia markets largely rise ahead of China trade data
▼ + stars: | 2023-08-08 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Cargo ships stop at their berths to load and unload containers at the container terminal in Lianyungang Port, East China's Jiangsu province, June 5, 2023. Asia-Pacific markets largely rose on Tuesday as investors focus on China's trade data for July. Futures for Hong Kong's Hang Seng index stood at 19,412, pointing to a weaker open compared to the HSI's last close of 19,537.92. Japan's Nikkei 225 rose 0.33%, while the Topix was up 0.25% as the country's household spending remained in negative territory for the fourth straight month. Overall household spending fell 4.2% year on year in June, compared with 4% in May, official data showed.

Persons: Kospi Organizations: Reuters, Nikkei Locations: Lianyungang Port, East China's Jiangsu, Asia, Pacific, Australia, South

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China. Asia-Pacific markets largely fell as investors look ahead to China's inflation figures and trade balance later this week. China will release its trade balance for Tuesday and inflation data on Wednesday, which will give clues on the country's recovery trajectory. Hong Kong's Hang Seng index climbed marginally, but mainland Chinese markets were also all in negative territory. South Korea's Kospi was down 0.85% to close at 2,580.7, marking its fourth straight day of losses, while the Kosdaq saw a larger loss and tumbled 2.2% to end at 898.22.

Persons: Kospi Organizations: Shanghai, Shenzhen Component, Nikkei, Bank of Japan Locations: Beijing, China, Asia, Pacific, Shenzhen, Australia

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