Most equity indices in the Asia-Pacific region rebounded on Wednesday while Japan’s Nikkei (-0.9%) underperformed, deepening its pullback from a record high.
—Equity Markets—
Japan’s Nikkei: -0.9%
Hong Kong’s Hang Seng: +0.3%
China’s Shanghai Composite: +0.1%
India’s Sensex: +1.0%
South Korea’s Kospi: +3.3%
Australia’s ASX All Ordinaries: +0.3%
Samsung announced a $58bln buyback for employee equity bonuses
SK Hynix updated its plan for a U.S. listing.
An adviser from the People’s Bank of China said that rate cuts are still possible this year.
MSCI extended its review of Indonesia’s market classification and chose not to upgrade South Korea to developed market status due to currency-related concerns.
Japan
May Corporate Services Price Index 3.3% yr/yr, as expected (last 3.3%)
Australia
May Monthly CPI Indicator 4.0% (expected 4.3%; last 4.2%)