Asia-Pacific markets rise as investors assess Japan economic data and await U.S. inflation

In Asia


Commuters walking at Shibuya Crossing, Tokyo

© Marco Bottigelli | Moment | Getty Images

Asia-Pacific markets climbed on Friday as investors assessed key economic data out of Japan and awaited U.S. inflation reading due later in the day.

The Japanese yen currently still stands above the 160 mark against the dollar, last at 160.68, after hitting its weakest level against the greenback in 38 years on Thursday.

Headline inflation for Japan’s capital city of Tokyo accelerated to 2.3%, up from 2.2% in May. The core inflation rate —which strips out prices of fresh food — rose to 2.1% from 1.9% in May.

Tokyo inflation data is widely considered to be a leading indicator for nationwide trends.

The country’s industrial production grew 2.8% month-on-month in May, beating expectations of 2% from economists polled by Reuters. On a year-on-year basis, industrial production rose 0.3%.

Both the readings will provide Japan more room to tighten its monetary policy at a time when its currency has plummeted to multi-decade lows.

South Korea saw its retail sales for May slip 0.2% year on year, a softer fall compared to April’s revised figure of a 0.8% drop. This is the first time since July 2023 that South Korea has recorded two straight months of declines.

Japan’s Nikkei 225 rebounded 0.6% after the data, while the broad-based Topix rose 0.66%.

South Korea’s Kospi inched up, and the small-cap Kosdaq was trading just above the flatline.

Australia’s S&P/ASX 200 gained 0.63%.

In contrast, Hong Kong Hang Seng index futures were at 17,524, lower than the HSI’s last close of 17,716.47. The index had hit a near two-month low on Thursday.

Overnight in the U.S., the S&P 500 eked out a narrow gain as Wall Street looked ahead to fresh inflation data to assess when the Federal Reserve will begin lowering interest rates.

The U.S. is expected to release its preferred inflation gauge, the personal consumption expenditure index on Friday.

The broad market index closed marginally higher at 0.09%. The Nasdaq Composite added 0.30%, while the Dow Jones Industrial Average inched up 0.09%.

—CNBC’s Hakyung Kim and Sarah Min contributed to this report.



Read More: Asia-Pacific markets rise as investors assess Japan economic data and await U.S. inflation

Join Our Newsletter!

Love Daynight? We love to tell you about our new stuff. Subscribe to newsletter!

You may also read!

Trump takes notable lead over Biden in state

An exclusive new Free Press poll of likely Michigan voters shows former President Donald Trump has taken a

Read More...

Atlantic trip couple Sarah Packwood and Brett Clibbery found dead weeks after setting off

The bodies of a couple who set off on a sailing trip across the Atlantic Ocean have been

Read More...

Eerie photo of Trump shooter’s bike left at rally site as expert questions why ‘flying

Join Fox News for access to this content You have reached your maximum number of articles. Log in

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu

Slot Garansi

https://www.stagebox.uk/wp-includes/depo10-bonus10/

depo 25 bonus 25

depo 25 bonus 25

https://paticielle.com/

https://glowliving.com/

https://www.bangunharjo.desa.id/wp-includes/vietnam/

https://ripple-wellness.com/

https://sinaboi.desa.id/shop/depo25-bonus25/

https://sungaiduo.desa.id/cgi-bin/

https://candiwulan.desa.id/wp-includes/rujak-bonanza/

https://kubangkangkung-kawunganten.cilacapkab.go.id/qris/

https://patimuan-patimuan.cilacapkab.go.id/spcmn/

https://padangjaya-majenang.cilacapkab.go.id/vendor/

https://padangsari-majenang.cilacapkab.go.id/desa/

https://palugon-wanareja.cilacapkab.go.id/image/

https://pangawaren-karangpucung.cilacapkab.go.id/qris/

https://patimuan-patimuan.cilacapkab.go.id/assets/

https://pengadegan-majenang.cilacapkab.go.id/store/

https://purwasari-wanareja.cilacapkab.go.id/nxs/

https://kalikajar.desa.id/wp-includes/pulsa/

https://kaliori-purbalingga.desa.id/wp-includes/spaceman/

https://tangkisan.desa.id/wp-includes/zeus/

https://baruga.desa.id/wp-includes/js/bet-100/

https://youngtimerwarsaw.com/

https://patuca.co/

https://www.cerebrofeliz.org/wp-includes/blocks/depo25-bonus25/

https://casadesalud.cl/

https://vmcthailand.com/wp-includes/depo25-bonus25/

depo 25 bonus25

https://espotting.com/
https://32sing.com/
https://prime.edu.pk/blogs/
https://topfroosh.com/
https://zmart.hk/
https://shop.drdavidgilpin.com/
https://penzonerealty.com/
https://thefarmwifelife.com/
https://dominicandreamgirl.com/
https://menstruationstassen-test.com/
https://b4uage.com/
https://vignet.net/
https://neubau-immobilie-leipzig.de/
https://ttg.com.ar/
https://psiquiatraenprovidencia.cl/
https://theusaage.com/
https://crazytraveldeal.com/
https://vegaviral.com/
https://losafoods.com/
https://mycrimea.online/
https://runwithyourheart.site/
https://laidegoldskinclinic.com/
https://fuelpumpexpress.com/
https://flughafen-taxi-muenchen.com/
https://2z25.com/
https://toshow.us/
https://cprnabzino.com/
https://apologetics.ro/
https://puppiesanimals.com/
https://grandkozmetik.mk/
https://virtusmurano.com/
https://henyodigital.com/
https://painfulparenting.com/
https://mold.maqopt.com.br/
https://shopmygear.com/
https://richiptv.com/
https://s3webservices.tech/
https://anhduongcompany.vn/
https://bestcardiologistnashik.in/
https://jeansjourney.us/
https://latisanery.com/
https://edeyselldigitals.com/
https://lynxlolerservices.co.uk/
https://theonenews.in/
https://veganscure.com/
https://baizelshoecare.co.za/
https://kmh-tea.com/
https://inland.website/
https://saudepreciosa.com/
https://hiremedubai.com/
https://huntingsurvivors.com/
https://90s-shop.nl/
https://toffeehousesweets.com/
https://itn-info.com/
https://amaronilogistics.eu/
https://discimus.com.br/
https://panmarketllc.com/
https://agapelux.com/
https://snaptosign.com/
https://topnotchdealz.net/
https://mundoanimalperu.com/
https://mundoauditivo.com/
https://oncallorganicfood.com/
https://skyfood.co.uk/
https://saudecomgontijos.site/
https://pickandgofurniture.com/
https://byassa.ma/
https://agelessbeautylaserskinspa.com/
https://theidealseo.com/
https://bidkoin.id/
https://rblogistics.co.id/
https://dev.iphi.or.id/
https://iphijateng.or.id/
https://iteso.co.id/
https://movieland.id/
https://zteindonesia.co.id/
https://mail.pagtickets.com.br/
https://blogs.astroanupmishrji.com/
https://blogs.epistylar.com/
https://techfat.com/
https://smkn2jiwan.sch.id/
https://janestrinket.co.id/
https://tangerangmotor.co.id/
https://g4x.co.uk/
https://aahanagroups.com/
https://terraagrofertil.com.br/
https://excellentnewspaper.com/
https://digitalalmighty.com/
https://tnlin.com/
https://ebookngo.com/
https://gailelaine.com/
https://kazexpert.kz/
https://www.supermaillot.com/
https://amorefitsport.com/
https://aott.com.au/
https://apruebaconnota.org/
https://au11arts.com/
https://binaclass.com/
https://c-sun.com.tw/
https://calirunners.shop/
https://djnativus.com/
https://fatlossfats.com/
https://fercomat.cl/
https://helloginnii.com/
https://heylookielookie.com/
https://hollyorchards.com/
https://getneuenergy.com/
https://geekgadgetshub.com/
https://lederbraun.de/
https://longhealthylives.com/
https://memory-trees.com/
https://newplans.gr/
https://reconstructfit.com/
https://solarandmore.com/
https://thepathmapper.com/
https://timepiececloset.com.au/
https://www.cuffknit.com/
https://stayingfit365.com/
https://dgboutique.site/
https://laronia.fr/
https://maninhorst.nl/
https://pro-dog.ru/
https://man2kolaka.sch.id/
https://dinkes.gresikkab.go.id/
https://hhanif.staff.ugm.ac.id/
https://komipa.ukm.undip.ac.id/
https://kharisma92.ac.id/
https://elkisi.sch.id/
https://dtp.bengkuluprov.go.id/
https://bppbapmaros.kkp.go.id/haloluhkan/
https://inspektorat.mamujutengahkab.go.id/
https://isqsyekhibrahim.ac.id/
https://ilmupolitik.uinsgd.ac.id/
https://kpi.staindirundeng.ac.id/
https://igtkiprovjateng.org//
https://tahfidzulquran.ukm.unair.ac.id/
https://sitazzahra.sch.id/
https://mtsdarussholihin.sch.id/
https://mtsn24jakarta.sch.id/
https://pelita3school.sch.id/
https://waistlinewatcheds.com/
https://selfhackathon.com/
https://ezdigitalnews.com/
https://advantagechemical.com/
https://afranovintarkhis.com/
https://martinezabogadodeaccidentes.com/
https://classchalo.com/
https://chroellc.com/
https://newsnetify.com/
http://stg.diocanto.com/
https://gacwkeren.gacw.or.id/
https://autodiscover.d9sports.com/
https://autodiscover.dagnydesigngroup.com/
https://mail.explore814.com/
https://blogs.exploreyourtown.com/
https://mail.mombuzzmedia.com/
https://hotelarjuna.com/nue
https://uvasi.ru/
https://pakalertpress.com/
https://blueskypixels.co.uk/
https://postmyprayer.com/
deluna188
TOP1TOTO
WIFITOTO
TOPJITU
KARTUTOTO