A cyclist passes the entrance of the Tokyo Stock Exchange (TSE) headquarters building in the Nihonbashi area of Tokyo on May 2, 2024.
Richard A. Brooks | Afp | Good pictures
of Japan Nikki 225 It fell more than 4% on Monday, while Australian shares hit new highs ahead of key economic data from China.
Japan saw its retail sales rise 2.8% year-on-year for August, beating Reuters poll estimates of a 2.3% rise and a revised 2.7% rise in July. The broad-based Topix saw a slight loss of 3.13%.
Separately, China will release its official purchasing managers’ index numbers for September, with economists polled by Reuters expecting a manufacturing PMI of 49.5, a mild contraction compared to August’s 49.1.
The Caixin PMI survey, an independent survey compiled by S&P Global, will also be released on Monday.
Australia’s S&P/ASX 200 rose 0.56%, surpassing its all-time high of 8,246.2.
of South Korea Cosby 0.13% higher and small-cap Costco rose slightly.
Hong Kong’s Hang Seng Index futures were at 20,910, lower than the HSI’s last close of 20,632.30.
Overnight in the US, the Dow Jones industrial average rose to a new high on Friday as traders appreciated new data that showed more progress in curbing inflation.
The 30-share Dow added 0.33% to end at 42,313.00. The S&P 500 fell 0.13%, while the Nasdaq composite lost 0.39%.
As traders evaluated August inflation data as encouraging, the price index of personal consumption expenditures — the Federal Reserve’s preferred measure of inflation — rose 0.1%, in line with expectations among economists polled by Dow Jones.
PCE rose at a 2.2% annual pace, below the 2.3% forecast.
—CNBC’s Brian Evans and Pia Singh contributed to this report.
