U.S. PPI, Japan shunto , China MLF

[Pelican Press 0]

U.S. PPI, Japan shunto , China MLF

A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images

China News Service | China News Service | Getty Images

Asia-Pacific markets fell Friday after producer prices in the U.S. grew at a faster than expected 0.6% in February.

Excluding food and energy prices, core PPI climbed 0.3% in February. Economists polled by Dow Jones had expected a 0.3% gain for headline PPI and a 0.2% increase for the core reading. 

Investors in Asia will be watching out for any news from Japan’s spring wage negotiations, with first estimates expected to come out later in the day.

Japan’s Nikkei 225 fell 0.4% at open, while the Topix edged 0.3% higher.

South Korea’s Kospi shed almost 1%, while the smaller-cap Kosdaq dropped 0.9%.

China’s central bank will also be in focus, with the People’s Bank of China expected to keep its one-year medium term lending facility rate unchanged at 2.5%, according to a Reuters report.

Futures for Hong Kong’s Hang Seng index stood at 16,798, also pointing to a lower open compared with the HSI’s close of 16,961.66

In Australia, the S&P/ASX 200 fell 1.55% to hit its lowest level in about three weeks.

Overnight in the U.S., all three major indexes lost ground as the hot inflation report sent bond yields higher, with the benchmark 10-year Treasury adding about 10 basis points to 4.29%.

This put pressure on equities, with the 30-stock Dow down 0.35%. The Nasdaq Composite fell 0.3%, while the S&P 500 slipped 0.29%.

— CNBC’s Brian Evans and Lisa Kailai Han contributed to this report

This is the hidden content, please

• Sign In
• or
• Sign Up

SHENZHEN COMPONENT INDEX,ICE Brent Crude (Apr'23),WTI Crude (Mar'23),*********** Dollar/US Dollar FX Spot Rate,USD/JPY,DXY US Dollar Currency Index,Hang Seng Index,KOSPI Index,S&P/ASX 200,Nikkei 225 Index,Shanghai,Breaking News: Asia,Breaking News: Markets,Markets,World Markets,Asia Economy,Australia,Economic events,Prices,Dow Jones Industrial Average,NASDAQ Composite,business news
#U.S #PPI #Japan #shunto #China #MLF

This is the hidden content, please

• Sign In
• or
• Sign Up