On May 2, 2024, a rider passed by the entrance of the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo.
Richard A. Brooks | AFP | Getty Images
Japanese Nikkei 225 Index It fell more than 4 per cent on Monday, while the Australian share market hit a new high ahead of key economic data from China and Japan.
The country’s retail sales rose 2.8% year-on-year in August, exceeding the 2.3% growth forecast in a Reuters poll and higher than the revised 2.7% growth in July. The broad-based Topix index fell less, at 3.13%.
In addition, China will release its official Purchasing Managers Index for September. Economists polled by Reuters expect the manufacturing PMI to be 49.5, a slowdown from 49.1 in August.
The Caixin PMI survey, a private survey compiled by S&P Global, will also be released on Monday.
Australia’s S&P/ASX 200 index rose 0.56%, breaking through a record high of 8,246.2 points.
Korean Cospi Up 0.13%, with KOSDAQ rising slightly.
Hong Kong Hang Seng Index futures were at 20,910 points, lower than the Hang Seng Index’s last closing point of 20,632.30 points.
Overnight the U.S. Dow Jones Industrial Average rose to a new high on Friday as traders assessed new data showing more progress in controlling inflation.
The Dow Jones Industrial Average rose 0.33% to close at 42,313.00 points. The S&P 500 fell 0.13% and the Nasdaq fell 0.39%.
It came as traders assessed encouraging August inflation data, in which the personal consumption expenditures price index, the Fed’s favored inflation measure, increased 0.1%, in line with expectations of economists polled by Dow Jones. consistent.
PCE annualized growth rate was 2.2%, lower than the expected 2.3%.
—CNBC’s Brian Evans and Pia Singh contributed to this report.
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