Stocks in the Asia-Pacific were trading on the lower side on Monday, awaiting China’s key economic data.
China will publish its retail sales, industrial output, and urban unemployment rate numbers for May.
Additionally, the People’s Bank of China kept its one-year medium-term lending facility rate unchanged at 2.5% on 182 billion yuan ($25.09 billion) worth of loans, meeting expectations.
Coming on to the indices, Hong Kong’s Hang Seng index fell 0.34% after the MLF announcement, while the Chinese mainland index CSI 300 China slid 0.45%.
Further, Japan’s Nikkei 225 slumped 2% in early trading hours on Monday, while the Topix lost 1.71% in the early trade.
South Korea’s Kospi pulled back 0.23%, and the index comprising small-cap stocks, Kospi, gained 0.17%, bucking the overall trend. Australia’s S&P/ASX 200 lost 0.1%.
The Indian equity markets will remain shut on Monday, June 17, on account of Bakri Eid (Eid-ul-Adha). All the segments such as equity, derivatives, and SLB, will be closed. Indian market participants will be enjoying a long weekend.
Indian equity indices closed on a higher note on Friday, June 14, after hitting new highs for the second day in a row.