The Opera House sails are lit up with projections for the opening night of Vivid Sydney 2023 on Friday, May 26, 2023 in Sydney, Australia.
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Asia-Pacific markets were mixed on Friday as mainland Chinese markets hit new six-year lows and Australian markets neared all-time highs.
Investors in Asia will react to August inflation figures from India on Thursday, which showed the consumer price index rose 3.65% year-on-year, rising from a five-year low. That was up from July’s revised 3.6% figure and beat the 3.5% expectation of economists polled by Reuters.
China’s CSI 300 opened slightly lower, hitting its lowest point since January 2019.
In contrast, Australia’s S&P/ASX 200 gained 0.53% to close at an all-time high of 8,148.7.
of South Korea Kospi 0.15%, while small-cap Kosdag was down 0.26%.
of Japan Nikkei 225 0.46%, while the broad-based Topix fell 0.56%.
Hong Kong Hang Seng index It increased by 0.87%.
Overnight in the US, the S&P 500 gained 0.75%, snapping a four-day winning streak. The Dow Jones Industrial Average was the biggest gainer, up 0.58%, and the Nasdaq Composite rose 1%.
Thursday saw the last key data point for the US economy ahead of next week’s Federal Reserve meeting, as the country’s producer price index rose 0.2% on the month, in line with Dow Jones expectations. On an annual basis, the headline PPI increased by 1.7%.
—CNBC’s Pia Singh, Jeff Cox and Sarah Min contributed to this report.
