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

Tesla earnings are out – here are the numbers
World

Tesla earnings are out – here are the numbers

A vehicle transport truck arrives with Tesla Model Y vehicles at the company’s store in Colma, California, US, on Thursday, Oct. 9, 2025. David Paul Morris | Bloomberg | Getty Images Tesla reported third-quarter earnings on Wednesday after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG: Earnings per […]

Read More
Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once
World

Amazon introduces ‘Blue Jay’ warehouse robot that performs multiple tasks at once

Amazon on Wednesday unveiled a new robotic system that’s capable of performing multiple tasks at once in the company’s warehouses. The system, called Blue Jay, is made up of a series of robotic arms that are suspended from a conveyor belt-like track. Those arms are tipped with suction-cup devices that allow them to grab and […]

Read More
Meta lays off 600 employees within AI unit
World

Meta lays off 600 employees within AI unit

Mark Zuckerberg, CEO of Meta Platforms. David Paul Morris | Bloomberg | Getty Images Meta will lay off roughly 600 employees within its artificial intelligence unit as the company looks to reduce layers and operate more nimbly, a spokesperson confirmed to CNBC on Wednesday. The company announced the cuts in a memo from its Chief […]

Read More