SCTL - Asia-Pacific stocks mixed as traders assess key economic data in Japan
2023-11-24 02:02:30 ET
Japan ( NKY:IND ) +0.52%. Japan preliminary November PMIs : Manufacturing 48.1 (expected 48.8).
Japan October inflation data remains well above the BOJ's 2% target.
The index of leading economic indicators in Japan, which is used to gauge the economic outlook for a few months ahead on data such as job offers and consumer sentiment, was revised higher to 108.9 in September 2023 from a flash figure of 108.7.
The index of coincident economic indicators in Japan, which covers a range of data, such as factory output, employment, and retail sales, was at 114.7 in September 2023.
Japan’s 10-year government bond yield rose above 0.75%, rebounding from over two-month lows as investors assessed data showing the country’s headline inflation rate accelerated to 3.3% in October from 3% in September, pointing to the highest reading since July.
China ( SHCOMP ) -0.76%. Traders were also nervous ahead of Chinese PMI data for October next week after readings in September showed manufacturing shrank while services activity moderated.
Meantime, skepticism mounted whether various property stimulus measures from Beijing, including a move to allow banks to offer unsecured short-term loans to developers, would be enough to prevent further defaults in the sector.
Hong Kong ( HSI ) -1.73%.
India ( SENSEX ) +0.02%.
Australia ( AS51 ) +0.17%.
New Zealand Q3 retail sales 0.0% change q/q (expected -0.8%).
Wall Street was closed on Thursday for the Thanksgiving holiday. Traders anticipated China's economic data, including manufacturing sectors and industrial profits, next week.
U.S. stock futures were mixed on Friday as Wall Street comes back for a half day of trading later today following a holiday Thursday: Dow -0.02%; S&P 500 +0.02%; Nasdaq -0.04%
Currencies: ( JPY:USD ), ( CNY:USD ), ( AUD:USD ), ( INR:USD ), ( HKD:USD ), ( NZD:USD ).
More on the markets
-
Japan's factory activity shrinks to 48.1 in November on weak demand
-
China mulls unsecured working capital loans for property developers - report
For further details see:
Asia-Pacific stocks mixed as traders assess key economic data in Japan