Asian markets are not unified, Israel-Iran tensions and Chinese data are in the spotlight
Asia-Pacific markets mostly rose Friday (20/06) as investors awaited China data, and continued to assess escalating tensions between Israel and Iran.
The Asian giant is expected to release its one-year and five-year loan prime rates for June later in the day.
Investors are also monitoring the Israel-Iran conflict as U.S. President Donald Trump weighs on whether to back the Israeli military and strike Tehran. The White House said that he will make a final decision within the next two weeks.
Japan’s benchmark Nikkei 225 started the day 0.24% higher while the broader Topix index was flat.
The country’s core inflation rate climbed to 3.7% in May, its highest level since January 2023. The metric — which strips out costs for fresh food — was higher than the 3.6% expected by economists polled by Reuters, and is above April’s print of 3.5%.
In South Korea, the Kospi index moved up 0.45% while the small-cap Kosdaq climbed 0.59%.
Over in Australia, the S&P/ASX 200
started the day 0.23% higher.
Futures for Hong Kong’s Hang Seng index stood at 23,185, pointing to a weaker open compared to the HSI’s close of 23,237.74.
U.S. stock futures fell in early Asian hours as investors investors pored through the latest developments in the Middle East.
Overnight stateside, regular trading was closed for the Juneteenth holiday.
Source: CNBC
