Aerial presumption of Seoul downtown metropolis skyline with conveyance connected expressway and span transverse implicit Han stream successful Seoul city, South Korea.
Mongkol Chuewong | Moment | Getty Images
Asia-Pacific markets traded mixed Monday arsenic investors parsed details connected commercialized negotiations and a slew of information points, including South Korea and Japan's concern output figures for May and China's purchasing managers' scale readings for June.
China's manufacturing enactment contracted for the 3rd consecutive month successful June, fueling hopes for much stimulus to cushion the interaction of ongoing commercialized disruptions betwixt the superpower and the U.S.
Mainland China's CSI 300 index added 0.37% to extremity the time astatine 3,936.08, portion Hong Kong's Hang Seng Index fell 0.87% to 24,072.28.
Japan's Nikkei 225 climbed 0.84% to extremity the time astatine 40,487.39 aft hitting an implicit 11-month high earlier successful the session, portion the broader Topix scale precocious 0.43% to 2,852.84.
In South Korea, the Kospi index closed 0.52% higher astatine 3,071.70, portion the small-cap Kosdaq was level astatine 781.50.
Over successful Australia, the S&P/ASX 200 increased by 0.33% to extremity the time astatine 8,542.30.
Meanwhile, India's benchmark Nifty 50 lost 0.53%, portion the BSE Sensex dropped 0.54% arsenic astatine 1.45 p.m. Indian Standard Time.
U.S. equity futures rose successful Asia hours earlier the twelvemonth stretches into the 2nd half.
All 3 cardinal benchmarks on Wall Street roseate sharply successful past Friday's session. The broad-based S&P 500 hit a caller grounds successful much than 4 months aft ending the league astir 0.5% higher astatine 6,173.07 — overtaking its erstwhile grounds of 6,147.43.
The Nasdaq Composite also reached an all-time high, closing astatine a grounds aft adding astir 0.5%, portion the Dow Jones Industrial Average rose astir 1%.
The 3 benchmarks person staged a crisp betterment this period from the lows seen successful April during the tallness of commercialized argumentation tensions. The whipsaw of planetary commercialized negotiations tin rapidly sway marketplace sentiment and airs an ongoing menace to the spot of this rally.
— CNBC's Pia Singh contributed to this report.
Asia-Pacific markets commercialized mixed arsenic investors parse a slew of information releases
Asia-Pacific markets traded mixed Monday arsenic investors parsed details connected commercialized negotiations and a slew of information points, including South Korea and Japan's concern output figures for May and China's purchasing managers' scale readings for June.
China's manufacturing enactment contracted for the 3rd consecutive month successful June, fueling hopes for much stimulus to cushion the interaction of ongoing commercialized disruptions betwixt the superpower and the U.S.
Mainland China's CSI 300 index added 0.37% to extremity the time astatine 3,936.08, portion Hong Kong's Hang Seng Index fell 0.87% to 24,072.28.
Japan's Nikkei 225 climbed 0.84% to extremity the time astatine 40,487.39 aft hitting an implicit 11-month high earlier successful the session, portion the broader Topix scale precocious 0.43% to 2,852.84.
In South Korea, the Kospi index closed 0.52% higher astatine 3,071.70, portion the small-cap Kosdaq was level astatine 781.50.
Over successful Australia, the S&P/ASX 200 increased by 0.33% to extremity the time astatine 8,542.30.
Meanwhile, India's benchmark Nifty 50 lost 0.53% portion the BSE Sensex dropped 0.54% arsenic astatine 1.45 p.m. Indian Standard Time.
— Amala Balakrishner
Tech stocks successful Hong Kong emergence contempt autumn successful Hang Seng Index
Hang Seng Tech ETF
— Amala Balakrishner
Japan's Nikkei 225 stock mean hits implicit 11-month precocious
Japan's Nikkei 225 extended gains for the 5th consecutive league connected Monday to deed an 11-month high.
The 225-stock stock mean climbed 1.49% to 40,747.31, arsenic of 12.47 p.m. section time, to deed its highest level since July. 17, 2024.
Nikkei 225
Thai coconut h2o maker's shares surge 67% successful HK debut
Shares of IFBH surged arsenic overmuch arsenic 67% connected Monday, soon aft its debut connected the Hong Kong Exchange.
The Thai coconut h2o maker's shares deed arsenic overmuch arsenic 46.50 Hong Kong dollars ($5.92) successful aboriginal trade, aft being priced astatine HK$27.80 per share, oregon the maximum successful its marketed range.
The IPO was oversubscribed by implicit 2,000 times, and saw the participation of cornerstone investors including UBS Asset Management, Black Dragon and ICBC Wealth Management.
— Amala Balakrishner
Li Auto shares plunge implicit 4% connected little transportation outlook
Shares of Hong Kong-listed Li Auto plunged arsenic overmuch arsenic 4.34% successful aboriginal commercialized Monday aft it reduced its transportation forecast for the 2nd fractional of the year.
The electrical conveyance shaper expects to present astir 108,000 vehicles betwixt July and December, compared to its erstwhile prediction scope of betwixt 123,000 and 128,000.
This follows a income strategy upgrade undertaken to "support its semipermanent growth," Li Auto said successful a connection past Friday.
— Amala Balakrishner
Japan's mill output ticked up 0.5% successful March
Japan's concern accumulation moved up 0.5% successful May from the erstwhile month, importantly little than the 3.5% emergence expected by economists polled by Reuters.
Industries that chiefly contributed to the emergence see accumulation machinery and centrifugal vehicles, preliminary data released by the Ministry of Economy, Trade and Industry connected Monday showed.
However, weakness came from sectors specified arsenic transport equipment, inorganic and integrated chemicals arsenic good arsenic physics parts and devices.
— Amala Balakrishner
South Korea's mill output declines 2.9% successful May, missing expectations
South Korea's mill output declined for the 2nd consecutive period successful May, falling abbreviated of economists' expectations polled by Reuters.
The industrial production scale fell 2.9% successful May connected a seasonally adjusted ground compared to the period earlier, information released by Statistics Korea connected Monday showed. This followed a 0.6% diminution successful April and came successful worse than the 0.1% contraction forecasted successful a Reuters poll.
On a year-on-year basis, the scale accrued 0.2% successful May, compared to a 5.1% emergence posted successful the erstwhile month, and the 2.6% tipped by economists polled by Reuters.
Separate information showed that South Korea's retail income were level successful May, aft declining 0.9% successful the erstwhile and hitting its lowest level since August 2024, according to LSEG data.
— Amala Balakrishner
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