The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023.
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Asia-Pacific markets were mixed on Friday, as mainland China markets recovered from a six-year low and Australian markets hit an all-time high.
In Asia, investors will react to August Inflation Figures from India Consumer prices rose 3.65% year-on-year in March, up from a five-year low, data released late Thursday showed. That was up from a revised 3.6% in July and also beat the 3.5% forecast by economists polled by Reuters.
China’s mainland CSI 300 index rose 0.4%, recovering from its lowest level in nearly six years. The index closed at 3,127.47 on Thursday, its lowest level since January 2019.
In contrast, Australia S&P/ASX 200 up 0.53%, nearing an all-time high of 8,148.7.
Korea Kospi was down 0.15%, while the small-cap Kosdaq fell 0.26%.
Japan Nikkei 225 fell 0.46%, while the broader Topix index also fell 0.56%.
Hong Kong Hang Seng Index up 0.87%.
Overnight in the United States, S&P 500 up 0.75%, snapping a four-day winning streak. Dow Jones Industrial Average increased by 0.58%, while Nasdaq Composite achieved the largest increase, up 1%.
Thursday saw the last major data point for the US economy ahead of next week’s Federal Reserve meeting, as the country’s producer price index rose 0.2% month-on-month, in line with Dow Jones expectations. On a year-on-year basis, the headline PPI rose 1.7%.
—CNBC’s Pia Singh, Jeff Cox and Sarah Min contributed to this report.
