SINGAPORE – Shares in Asia Pacific fell in the open market on Thursday as investors awaited data from China.
Nikkei 225 Japan fell 0.72% in early trade, while Topix slipped 0.76%
in Australia, S&P/ASX 200 fell 0.33%.
of south korea kospi It declined 0.76%, while the Kosdaq was down 0.19%.
MSCI’s broadest index of Asia-Pacific shares was down 0.22%
In economic news, China’s official Manufacturing Purchasing Managers’ Index for June will be announced later on Thursday. According to a Reuters poll, analysts are expecting a reading of 50.5, which represents an expansion in factory activity from last month.
The 50-point mark separates growth from contraction, and the index has been below 50 since March.
South Korea’s factory output rose marginally in May government figures show Industrial output rose 0.1% from April’s figure. Service sector output grew 1.1% in May.
Japan’s industrial output fell 7.2% in May According to government figures.
in corporate news, Toyota Motor Missed its monthly production target for the third consecutive month in May, Reuters reported.
During this, Hyundai Motor has decided to delay the launch of its advanced hydrogen car. Nexo SUV, Reuters reported, citing a South Korean newspaper.
Overnight in the US, Stocks ups and downs on wednesday The key averages followed an unsuccessful attempt to bounce back in the previous session, and as the market prepares to close out the worst first half of the year since 1970.
The Dow Jones Industrial Average ended the session up 82.32 points, or 0.27%, at 31,029.31, while other benchmarks closed slightly lower. The S&P 500 fell 0.07% to 3,818.83 and the tech-heavy Nasdaq Composite fell 0.03% to 11,177.89.
Rate hikes, fears of recession and inflationary concerns have weighed on the market.