Equity indices in the Asia-Pacific region began the week on a mostly higher note while markets in South Korea and New Zealand were closed for holidays.
Bank of Japan Governor Kuroda said that Japan is not in position to tighten monetary policy and that easing will continue persistently. Beijing reportedly lifted more coronavirus restrictions. China Securities Journal expects a rebound in new loans for May. The Reserve Bank of Australia is expected to increase its cash rate by 25 bps tomorrow.
Japan’s Nikkei: +0.6%
Hong Kong’s Hang Seng: +2.7%
China’s Shanghai Composite: +1.3%
India’s Sensex: -0.2%
South Korea’s Kospi: CLOSED
Australia’s ASX All Ordinaries: -0.5%