Monday, 10 June 2024 07:55 WIB | MARKET UPDATE |Bursa AsiaIndeks Saham Asia

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May.

This adds to the narrative the Fed doesn’t have to rush to lower interest rates. Traders don’t expect the Federal Open Market Committee to cut rates at its meeting this week or the next meeting in July.

This week in Asia, investors will be looking at Japan’s first-quarter gross domestic product numbers on Monday, followed by the Bank of Japan’s rate decision on Friday.

Separately, China and India’s inflation numbers for May will be released on Wednesday.

Japan’s Nikkei 225 climbed 0.19% on its open, while the broad based Topix was up 0.38%.

In contrast, the South Korean Kospi was down 1% and the small cap Kosdaq slipped 0.5%.

A few Asian markets are closed for a holiday Monday, including Australia, mainland China, Hong Kong and Taiwan.

Source : CNBC