SINGAPORE – Asia Pacific stocks were mixed in trading on Monday morning as investors watch the May official Chinese manufacturing purchasing managers’ index release.
Japan’s Nikkei 225 lost 0.34% in early trading while the Topix index lost 0.36%.
Japan’s retail sales rose 12% year over year in April, according to government data released on Monday. That was in contrast to an average market forecast for a 15.3% increase, according to Reuters.
Elsewhere, the South Korean Kospi climbed 0.1% higher. In Australia, the S & P / ASX 200 gained 0.16%.
MSCI’s broadest index for Asia Pacific stocks outside of Japan traded slightly higher.
Investor focus on Monday is likely to be on the upcoming release of Chinese manufacturing activity data for May. The official manufacturing purchasing managers’ index for May is expected to be released on Monday at 9:00 a.m. HK / SIN.
Markets in the US are closed on Monday due to a public holiday.
Currencies and oil
The US dollar index, which tracks the greenback versus a basket of its competitors, hit 90.074 after a recent surge to levels above 90.3.
The Japanese yen was trading at 109.91 per dollar after weakening to over 110 levels against the greenback late last week. The Australian dollar changed hands at $ 0.7704, down from above $ 0.776 last week.
Oil prices were higher on the morning of Asian trading hours, with international benchmark Brent crude oil futures rising 0.39% to $ 68.99 a barrel. US crude oil futures also gained 0.48% to $ 66.64 a barrel.
Here’s a look at what’s on tap:
- China: Official Manufacturing Purchasing Managers Index for May at 9:00 am HK / SIN