Asia-Pacific shares trade mixed as markets monitor bearish concerns

SINGAPORE – Shares in the Asia-Pacific region were mixed on Friday as investors played down fears of a recession.

in the markets of Japan, Nikkei 225 There was an increase of 0.13%, while Topics declined by 0.11%.

of south korea kospi 0.7% and Kosdaq closed with a gain of 1.34%.

S&P/ASX 200 Australia slipped 0.21%. The New Zealand market is closed on Fridays for a holiday.

According to Reuters, core consumer prices in Japan rose 2.1% in the month of May from a year earlier. This is well above the Bank of Japan’s target of 2% inflation. However, if fresh food and energy are removed, consumer prices increased by only 0.8%, Reuters said.

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Looking ahead, logistics company GoGoX is set to launch business in the Hong Kong market. Reserve Bank of Australia Governor Philip Lowe is also set to speak on inflation later in the day.

overnight in america, Shares edged higher in a late rally amid bearish fears. This week many big banks have expressed fear of recession.

The Dow Jones Industrial Average climbed 194.23 points, or 0.64%, to 30,677.36. The S&P 500 was up 0.95% at 3,795.73 and the Nasdaq Composite was up 1.62% at 11,232.19.

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US Dollar Indexwho tracks the greenback against a basket of his teammates, was at 104.399.

Japanese yen It strengthened against the greenback at 134.76 per dollar, recovering from the 136 level earlier this week. Australian Dollar $0.6903, which was mostly on a weak trend this week.

Oil futures rose marginally in Asian trade. US crude futures rose 0.35% to $104.64 a barrel, while the international benchmark crude oil rose 0.34% to $110.43 a barrel.