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Asia markets mixed echoing similar downbeat sentiment in other global markets

June 13, 2023
in Business
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Japan +0.95%. Japan data, April cash earnings +1% y/y, real wages -3% y/y. Household spending -4.4% y/y.

China -0.57%.

Hong Kong +0.19%.

Australia -1.02%. Full statement of the RBA June 2023 monetary policy decision. RBA surprises with 25 bps rate hike, cash rate raised to 4.10%.

Australian Q1 GDP estimate bumped a touch higher to +0.3% q/q (from +0.2% q/q).

Australian data: Net exports impact on Q1 GDP will be -0.2%.

Australian weekly Consumer Confidence survey 75.8 (prior 76.8).

India -0.25%.

New Zealand data: ANZ Commodity Price Index for May +0.3% m/m (prior -1.7%).

The inflation rate in the Philippines slowed for the fourth month in a row to 6.1% in May, slows for fourth month in a row.

South Korea’s markets are closed Tuesday for a holiday.

Overnight in the U.S., all three major indexes are closing lower, weighed down by a fall in shares of Apple (AAPL) after the iPhone-maker unveiled its highly anticipated mixed-reality headset. The Dow industrial average fell -199.72 points or -0.59% at 33563.05; S&P index fell -8.56 points or -0.20% at 4273.82; NASDAQ index fell -11.35 points or -0.09% at 13229.42.

April factory orders edged up by +0.4% M/M, but the rise was lower than the forecasted figure of +1.1%.

The Bank of Canada will meet on Wednesday.

In oil markets, prices eased to give up most the gains from the previous session after the world’s top exporter, Saudi Arabia, said that it would further cut output. U.S. crude fell 0.25% to $71.97 per barrel and Brent was at $76.55, down 0.21% on the day.

U.S. stock futures slides lower on Tuesday. Dow -0.06%; S&P 500 -0.04%; Nasdaq -0.03%.

More on the markets:

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