Equity indices in the Asia-Pacific region ended the week on a higher note.
—Equity Markets—
Japan’s Nikkei: +2.7%
Hong Kong’s Hang Seng: +0.9%
China’s Shanghai Composite: +0.9%
India’s Sensex: +0.3%
South Korea’s Kospi: +0.4%
Australia’s ASX All Ordinaries: +0.4%
China
China’s National Development and Reform Commission pushed back on reports that technology firms were told not to accept foreign investment.
Japan
There has been some speculation about a potential currency intervention from Japan’s Ministry of Finance after the yen returned toward this year’s low against the dollar in the 160 area.
Japan’s CPI decelerated in April with Core CPI growing at its slowest pace in more than four years.
April National CPI 0.1% m/m (last 0.4%); 1.4% yr/yr (last 1.5%).
April National Core CPI 1.4% yr/yr (expected 1.7%; last 1.8%)
South Korea
May Consumer Confidence 106.1 (last 99.2)
New Zealand
Q1 Retail Sales 0.9% qtr/qtr (expected 0.5%; last 0.9%) and Core Retail Sales 1.0% qtr/qtr (expected 0.8%; last 1.5%)