People walk through Shibuya, Tokyo, Japan on June 23, 2020.
Carr Court | Getty Images
Asia-Pacific markets rose on Friday after U.S. economic data calmed recession fears, while investors also assessed a slew of data from Japan.
initial Apply for unemployment benefits U.S. payrolls fell to 231,000 from 232,000 the previous week, but were slightly higher than Dow Jones’ forecast of 230,000.
In addition, the gross domestic product growth rate in the second quarter was revised up to 3% from the initial 2.8%.
IInflation rate in Tokyo, Japan’s capital It rose to 2.6% from 2.2% in June, the highest level since March.
Core inflation, which excludes fresh food prices, rose 2.4%, higher than the 2.2% forecast in a Reuters poll of economists.
Inflation in Tokyo is widely considered a leading indicator of national trends.
Japan’s unemployment rate rose to 2.7%, higher than the Reuters forecast of 2.5%.
Retail sales grow in the country Year-on-year growth was 2.6%, below Reuters’ forecast of 2.9% growth and June’s revised 3.8% growth.
Japanese Nikkei 225 Index There was a slight rise, with the Topix rising 0.23% after the data was released.
Korean Cospi It was up 0.55% in early trading, with the small-cap Kosdaq rising 0.74%.
Australia’s S&P/ASX 200 index rose 0.46%.
Hongkong Hang Seng Index Futures index was at 17,741 points, lower than the Hang Seng Index’s last closing point of 17,786.32 points
The US Dow Jones Industrial Average climbed 0.59% overnight, hitting a new high and closing at 41,335.05 points. Gains from Goldman Sachs, Intel and Visa helped the blue-chip average hit new highs.
The S&P 500 closed slightly below its flat line, but the Nasdaq fell 0.23%, dragged down by a 6.4% drop in shares of chipmaker Nvidia.
—CNBC’s Lisa Kailai Han and Sarah Min contributed to this report.
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