SINGAPORE – Stocks in the Asia-Pacific region fell last Monday An important week in America
The Nikkei 225 in Japan fell 0.84% and the Topix index lost 0.72%.
In Korea, Kospi fell slightly, while Kosdaq fell 0.75%.
of Australia S&P / ASX 200 hovering around the flat road.
The Hang Seng Index in Hong Kong fell 0.37% and the Hang Seng Tech index lost about 1%.
Financial Times reported that China plans to sort Chinese companies listed in the US into three groups depending on how sensitive the data they hold to prevent delisting.
MSCI’s index of Asia-Pacific shares outside of Japan was mildly negative.
Inflation data in Singapore will be released on Monday. Economists polled by Reuters expect the core consumer price index in June to rise 4.2% from a year ago. Prices rose 3.6% in May.
Last weekend, The World Health Organization has declared monkeypox a global health emergency. The organization’s emergency committee was unable to reach a consensus, but WHO chief Tedros Adhanom Ghebreyesus made the decision to issue the highest level of alert, although he said it was unlikely to disrupt trade. global trade or travel at the moment.
This weekend, all eyes will be on the Fed’s rate decision and the release of second-quarter gross domestic product data in the US.
Expectations for a 75 basis point increase in July at 78.7%, according to CME Group’s FedWatch Tool.
“With the focus on the US FOMC meeting, Asian assets are likely to trade mixed at the start of the week with the risk of stalling inflation always in the spotlight,” said Venkateswaran Lavanya, economist at Mizuho Bank. , wrote in a note Monday.
In the Asia-Pacific region, South Korea’s GDP advance estimate is due on Tuesday, and Australia reports inflation data on Wednesday.
The US Dollar Indextracks the greenback against its basket of currencies, at 106.823.
– CNBC’s Patti Domm and Spencer Kimball contributed to this report.