ABC News on Nostr: Stock market today: Asian stocks log modest gains as economic data are mixed for ...
Stock market today: Asian stocks log modest gains as economic data are mixed for Japan and China
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Asian stocks were mostly higher on Monday after Japan and China reported data reflecting relatively sluggish growth for Asia’s two largest economies. Japan’s benchmark Nikkei 225 added 0.3% to 39,693.29 after a quarterly survey by the Bank of Japan, called the “tankan,” showed a modest improvement in confidence among the country’s largest manufacturers in the April-June quarter. The Shanghai Composite climbed 0.3% to 2,976.64 after a survey of factory purchasing managers reported over the weekend showed conditions remained in contraction for a second straight month. The Caixin Manufacturing PMI rose to 51.8 in June on a scale up to 100, compared with 51.7 in the previous month. Hong Kong markets were closed for a holiday. P/ASX 200 shed 0.3% to 7,744.20. South Korea’s Kospi edged 0.2% higher to 2,802.87 after a private-sector survey showed South Korea’s factory activity was the best since April 2022. On Friday, the S&P 500 fell 0.4% to 5,460.48 and the Nasdaq composite fell 0.7% to 17,732.60, while the Dow Jones Industrial Average ended 0.1% lower to 39,118.86. The S&P 500 gained 3.5% in June and is up about 14.5% so far this year. The Nasdaq gained about 6% for the month and is up 18.1% this year. Inflation continues easing, with consumer prices rising 2.6% in May compared with a year ago. Treasury yields rose in the bond market after initially losing ground following the latest signal of easing inflation. Benchmark U.S. crude rose 39 cents to $81.93 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude added 41 cents to $85.41 a barrel.
#StockMarket #AsianStocks #EconomicData #Japan #China
https://abcnews.go.com/US/wireStory/stock-market-today-asian-stocks-log-modest-gains-111567503
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Asian stocks were mostly higher on Monday after Japan and China reported data reflecting relatively sluggish growth for Asia’s two largest economies. Japan’s benchmark Nikkei 225 added 0.3% to 39,693.29 after a quarterly survey by the Bank of Japan, called the “tankan,” showed a modest improvement in confidence among the country’s largest manufacturers in the April-June quarter. The Shanghai Composite climbed 0.3% to 2,976.64 after a survey of factory purchasing managers reported over the weekend showed conditions remained in contraction for a second straight month. The Caixin Manufacturing PMI rose to 51.8 in June on a scale up to 100, compared with 51.7 in the previous month. Hong Kong markets were closed for a holiday. P/ASX 200 shed 0.3% to 7,744.20. South Korea’s Kospi edged 0.2% higher to 2,802.87 after a private-sector survey showed South Korea’s factory activity was the best since April 2022. On Friday, the S&P 500 fell 0.4% to 5,460.48 and the Nasdaq composite fell 0.7% to 17,732.60, while the Dow Jones Industrial Average ended 0.1% lower to 39,118.86. The S&P 500 gained 3.5% in June and is up about 14.5% so far this year. The Nasdaq gained about 6% for the month and is up 18.1% this year. Inflation continues easing, with consumer prices rising 2.6% in May compared with a year ago. Treasury yields rose in the bond market after initially losing ground following the latest signal of easing inflation. Benchmark U.S. crude rose 39 cents to $81.93 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude added 41 cents to $85.41 a barrel.
#StockMarket #AsianStocks #EconomicData #Japan #China
https://abcnews.go.com/US/wireStory/stock-market-today-asian-stocks-log-modest-gains-111567503