Equity indices in the Asia-Pacific region began the week on a mixed note.
South China Morning Post reported that large tech companies in China are cutting staff.
India lowered duties on coal imports.
South Korea and the U.S. may expand joint military exercises. South Korea’s exports through the first 20 days of May were up 24.1% yr/yr with chip exports increasing 13.5% yr/yr.
Australia’s Labour coalition won parliamentary majority and Anthony Albanese was sworn in as prime minister today.
Japan’s Nikkei: +1.0%
Hong Kong’s Hang Seng: -1.2%
China’s Shanghai Composite: UNCH
India’s Sensex: -0.1%
South Korea’s Kospi: +0.3%
Australia’s ASX All Ordinaries: +0.1%