Asia-Pacific markets rise as investors parse a slew of data releases

Asia-Pacific markets rise as investors parse a slew of data releases


Aerial view of Seoul downtown city skyline with vehicle on expressway and bridge cross over Han river in Seoul city, South Korea.

Mongkol Chuewong | Moment | Getty Images

Asia-Pacific markets rose Monday as investors parsed a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June.

Japan’s benchmark Nikkei 225 climbed 1.13% in early trade, while the broader Topix index advanced 0.77%.

In South Korea, the Kospi index added 0.63%, while the small-cap Kosdaq was flat.

Over in Australia, the S&P/ASX 200 started the day 0.3% higher.

Futures for Hong Kong’s Hang Seng index stood at 24,182, pointing to a weaker open compared to the HSI’s last close of 24,284.15.

U.S. equity futures rose in early Asia hours before the year stretches into the second half.

All three key benchmarks on Wall Street rose sharply in last Friday’s session. The broad-based S&P 500 hit a new record in more than four months after ending the session about 0.5% higher at 6,173.07 — overtaking its previous record of 6,147.43.

The Nasdaq Composite also reached an all-time high, closing at a record after adding about 0.5%, while the Dow Jones Industrial Average rose nearly 1%.

The three benchmarks have staged a sharp recovery this month from the lows seen in April during the height of trade policy tensions. The whipsaw of global trade negotiations can quickly sway market sentiment and pose an ongoing threat to the strength of this rally.

— CNBC’s Pia Singh contributed to this report.



Source

Microsoft sales chief Althoff gets new role as CEO of company’s commercial business
World

Microsoft sales chief Althoff gets new role as CEO of company’s commercial business

President of Microsoft North America Judson Althoff speaks on stage during We Day at KeyArena in Seattle, Washington, on April 23, 2015. Mat Hayward | Getty Images Microsoft‘s top-ranking sales leader, Judson Althoff, has been promoted to a bigger role as CEO of the company’s commercial business. Satya Nadella, Microsoft’s CEO, wrote in a memo […]

Read More
S&P 500 closes above 6,700 for first time as traders bet on short-lived shutdown
World

S&P 500 closes above 6,700 for first time as traders bet on short-lived shutdown

Traders work at the New York Stock Exchange on Oct. 1, 2025. NYSE The S&P 500 closed at a record high on Wednesday as traders were hopeful that a U.S. federal government shutdown would be brief and possibly have little impact on the economy. The broad market index gained 0.34% to close at 6,711.20. Earlier, […]

Read More
Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about
World

Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about

Longtime investor Leon Cooperman believes we are in the late innings of a bull market where bubbles can form and risks rise, a stage of the cycle that Warren Buffett had warned about. The chair and CEO of the Omega Family Office read a quote from the “Oracle of Omaha” on CNBC’s “Money Movers” Wednesday, […]

Read More