Buildings in the Lujiazui Financial District in Pudong, Shanghai, China, Monday, January 29, 2024.
Bloomberg | Bloomberg | Getty Images
Asia-Pacific markets were mixed this week ahead of central bank decisions, with investors also awaiting inflation data from the US and China.
The Bank of Korea, the Reserve Bank of New Zealand, the Bank of Thailand and the Central Bank of the Philippines are scheduled to hold monetary policy meetings this week.
S&P Global expects all four banks to keep interest rates unchanged, but added in a note that “Bank of Korea may be among them.” [banks] which one [are] Bank of Korea was one of the earliest banks in Asia to halt the rate hike cycle in 2023.
Inflation data from the US and China will be in the spotlight later in the week, and China will also release its trade data for March on Friday.
Japanese Nikkei Stock Average The index rebounded and exceeded the 39,000 mark, rising 1.54%, while the comprehensive TOPIX rose 1.33%.
Korean Kospi rose 0.12%, while the small-cap Kosdaq fell 1.28%.
In Australia, S&P/ASX 200 It rose by 0.19%.
Hong Kong’s Hang Seng index fell 0.71%, and mainland China’s CSI300 index fell 0.77% after returning from the holiday.
All three major U.S. indexes rebounded on Friday after better-than-expected employment data, with a Labor Department report showing payroll growth totaled 303,000 jobs in March.
Nonfarm payrolls were expected to rise by 200,000, according to Dow Jones estimates. Wages rose 0.3% in the month and 4.1% from a year earlier, both in line with expectations.
30 shares Dow While it rose by 0.8%, S&P500 It rose by 1.11%.High-tech oriented Nasdaq Composite It increased by 1.24%.
— CNBC’s Pia Singh and Alex Harring contributed to this report.
