Asia Pacific Shares Mixed As Investors Await China’s May Factory Activity Data

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SINGAPORE – Asia-Pacific stocks were mixed in Tuesday morning’s trading as investors await the release of official Chinese factory activity data for May.

Japan’s Nikkei 225 fell 0.12% in early trading, while the Topix index fell 0.14%. In South Korea, the Kospi hovered fractionally higher.

Australian stocks were little changed as the S&P/ASX 200 remained close to the flatline.

MSCI’s broadest index of Asia-Pacific stocks outside of Japan was up 0.07%.

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China’s official manufacturing purchasing managers’ index for May will be released Tuesday at 9:30 a.m. HK/SIN, as investors look for clues about the economic impact of Covid-related lockdowns on the mainland.

US markets were closed Monday for a holiday.

currencies

The US dollar index, which tracks the greenback against a basket of its counterparts, stood at 101,421, still lower than last week’s 102.

The Japanese yen was trading at 127.75 per dollar after yesterday’s weakening from levels below 127.2 against the greenback. The Australian dollar stood at USD 0.7191, and has continued to rise after climbing from levels below USD 0.71 last week.



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