Saturday, July 20, 2024
HomeWorldAsia-Pacific markets all slide ahead of key China data

Asia-Pacific markets all slide ahead of key China data

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.

Ying Tang | NurPhoto | Getty Images

Asia-Pacific markets are all lower on Monday as the region looks to key economic data out from China.

The world’s second-largest economy will release May numbers for its retail sales, industrial output and urban unemployment rate.

The People’s Bank of China is also expected to announce its one-year medium term lending facility rate, with economists polled by Reuters forecasting no change to the current rate of 2.5%.

Hong Kong Hang Seng index futures were at 17,794, lower than the HSI’s last close of 17,941.78.

Japan’s Nikkei 225 tumbled 1.26% on its open, while the Topix also saw a similar loss of 1.07%.

South Korea’s Kospi slipped 0.55%, and the small-cap Kospi inched down 0.27%.

Australia’s S&P/ASX 200 started the day down 0.12%. Traders will be bracing for the Reserve Bank of Australia’s rate decision on Tuesday.

On Friday in the U.S., the Nasdaq Composite notched a fifth straight winning session, adding 0.12%, while the S&P 500 inched lower by 0.04%, to snap a four-day winning streak.

The Dow Jones Industrial Average slipped 0.15%, to mark four straight days of losses.

—CNBC’s Lisa Kailai Han and Brian Evans contributed to this report.



Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular