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Asia-Pacific equity markets were mixed after the Bank of Japan kept rates unchanged as widely expected, but disappointed markets by delaying a reduction in its monthly bond purchases.
Japan (NKY:IND) -1.83%. Nikkei 225 hit a record high earlier in the week.
The BOJ kept interest rates unchanged, as widely expected on Friday.
China (SHCOMP) -0.57% China industrial production slows in May, retail sales top estimates; China property investment continues to decline despite support measures
Hong Kong (HSI) +0.08% reversed losses and was up marginally after the MLF and data announcement. Financial Secretary Paul Chan expects economy to grow 2.5% to 3.5% this year. Hang Seng Property index turned negative after jumping nearly 2%.
India (SENSEX) market closed for Eid.
Australia (AS51) -0.31%. The ANZ-Indeed Australian Job Ads declined 2.1% M/M in May 2024, improving slightly from a 2.3% drop in April.
The Reserve Bank of New Zealand held its official cash rate at 5.50%, keeping it at a 15-year high.
In the U.S., on Friday, the Wall Street mostly ended lower, but the benchmark S&P 500 index rounded out a record-breaking week with solid gains.
Producer and consumer price index reports, especially the CPI, cheered Wall Street.
U.S. stock futures were mixed on Monday, Dow -0.04%; S&P 500 +0.11%; Nasdaq +0.03%.
Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).
