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Tiananmen, Gate of Heavenly Peace, Beijing
Bjdlzx | E+ | Getty Images
Asia-Pacific markets started the week on a slightly positive note with investors awaiting key economic data from major economies including China, while Japan’s service inflation surged to a 45-month high.
Data showed Japan’s service PPI rose 2.3% in October to its highest level since January 2020 and more than the prior month’s reading of 2%.
China will release its official factory activity figures for November on Thursday, while the Caixin survey for the same metric will be out on Friday.
Australia will release its October inflation figures on Wednesday, which will offer clues to its central bank’s policy moves.
India’s gross domestic product numbers for the three months ended September will be released late Thursday.
In Australia, the S&P/ASX 200 started the day up 0.07%, on pace for a third straight day of gains.
Japan’s Nikkei 225 rose 0.34%, minutes after the open. The index is close to breaching its 33-year high of 33,753.33, hit on July 3.
The Topix added 0.22%.
South Korea’s Kospi gained 0.16% at open, but the Kosdaq dipped 0.34%.
Futures for Hong Kong’s Hang Seng index stood at 17,670, pointing to a stronger open compared with the HSI’s close of 17,559.42.
On Friday in the U.S., the three major indexes were mixed in a shortened trading session.
The 30-stock Dow rose 0.33% while the S&P 500 ticked higher by 0.06%. However, the tech heavy Nasdaq Composite fell 0.11%.
Major retail shares rose slightly as Black Friday kicked off the holiday shopping season. Walmart and Target rose 0.9% and 0.74%, respectively, while Amazon ticked higher by 0.02%.
— CNBC’s Hakyung Kim and Fred Imbert contributed to this report.
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