Asian stock markets mixed, Australia collapses after rate hike

Asian stock markets mixed Australia collapses after rate hike

(Tiper Stock Exchange) – Asian markets are mixedafter a weak session on Wall Street. The decline of the Australian stock market stands out (S&P/ASX 200 index at -1.20%), after the central bank unexpectedly raised interest rates to 4.10% and signaled the possibility of further tightening of the cost of money.

Yet another increase for the Stock Exchange Tokyowith the Nikkei 225 which rises by 0.88%, consolidating the series of four consecutive rises, which began last Thursday, while, on the contrary, Shenzhen loses 0.88% e Shanghai shows a decline of 0.80%.

Moderately up Hong Kong (+0.26%), a fractional decrease mumbai (-0.22%); the market of Seoul it is closed for Remembrance Day.

On the macroeconomic front, in April i monthly household consumption in Japan they stood at 303,076 yen, down 0.5% in nominal terms and 4.4% in real terms compared to the previous year.

Seat substantially unchanged for theEuro against the Japanese currency, which trades with a moderate +0.03%. The session for theEuro against the Chinese currency, which trades on the previous day’s values. The day of 5 June is flat for theEuro against the Hong Kong dollarwhich shows a meager +0.17%.

The yield ofJapanese 10-year bond treats 0.43%, while the yield of Chinese 10-year government bond is equal to 2.71%.

Among the data relevant macroeconomics on Asian markets:

Tuesday 06/06/2023
01:30 Japan: Real household expenditure, monthly (expected 1.5%; previous -0.8%)

Thursday 08/06/2023
00:50 Japan: GDP, quarterly (exp. 0.4%; previous 0%)
01:50 Japan: Current account (expected ¥2,947Bn; prev. ¥2,278.1Bn)

Friday 09/06/2023
03:30 China: Consumption prices, yearly (expected 0.4%; previous 0.1%)
03:30 China: Production prices, yearly (expected -3.2%; previous -3.6%).

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