SHANGHAI, CHINA – JANUARY 1: The sun rises over the Oriental Pearl Tower in Shanghai, China on New Year’s Day, January 1, 2023. (Photo by VCG/VCG via Getty Images)
Vcg | Visual China Group | Getty Images
Asia-Pacific markets are set for a mixed start to the second half of the year as investors await figures for business activity across the region on Monday.
S&P Global Purchasing Managers’ Indexes are due to be released for several Asian countries, including China, Japan and South Korea.
The Bank of Japan is also due to release its second-quarter Tankan survey, which gauges business sentiment among large companies.
| Ticker | company | name | price | change | %change |
|---|---|---|---|---|---|
| .N225 | Nikkei Stock Average | Nikkei | 39,888.97 | +305.89 | +0.77% |
| .HSI | Hang Seng Index | HSI | 17,718.61 | +2.14 | +0.01% |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,713.60 | -53.90 | -0.69% |
| .SSEC | Shanghai | Shanghai | 2,967.40 | united nations | united nations |
| .KS11 | KOSPI Index | Korea Composite Stock Price Index | 2,794.40 | -3.42 | -0.12% |
| .FTFCNBCA | CNBC 100 Asia IDX | CNBC 100 | 9,892.46 | +19.09 | +0.19% |
Australia’s S&P/ASX 200 futures were at 7,737, down slightly from the previous close of 7,767.5.
Meanwhile, Japan’s Nikkei futures average opened at 39,975 in Chicago and 39,820 in Osaka, up from the previous day’s closing price of 39,583.08.
Hong Kong markets will be closed on Monday due to a public holiday.
Overnight in the United States, all three major indexes fell as traders focused on “near-perfect” inflation data, according to industry experts.
Inflation slowed to the lowest level in more than three years in May, with the core personal consumption expenditures price index rising 0.1% from the previous month and 2.6% from a year earlier, in line with Dow Jones forecasts.
The core PCE index, which excludes food and energy prices, is the Fed’s preferred inflation measure. Headline PCE, which includes food and energy, was flat month-over-month and up 2.6% year-over-year, also in line with expectations.
“From a market perspective, today’s PCE report was near perfect,” said David Donabedian, chief investment officer at CIBC Private Wealth US. “This was undoubtedly a positive report.”
The S&P 500 lost 0.41%, while the Nasdaq Composite lost 0.71%. Both averages hit new intraday highs early in the session before trailing. The Dow Jones Industrial Average lost 0.12%.
—CNBC’s Hakyung Kim and Alex Harring contributed to this report.
