PBOC MLF, China retail sales, unemployment
A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023.
Ying Tang | NurPhoto | Getty Images
Asia-Pacific markets are all lower on Monday as the region looks to key economic data out from China.
The world’s second-largest economy will release May numbers for its retail sales, industrial output and urban unemployment rate.
Separately, the People’s Bank of China held its one-year medium term lending facility rate at 2.5% on 182 billion yuan ($25.09 billion) worth of loans, as expected.
The central bank also injected 4 billion yuan through seven-day reverse repurchase operations and kept the seven day interest rate steady at 1.8%.
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | NIKKEI | 38,071.75 | -742.81 | -1.91% |
| .HSI | Hang Seng Index | HSI | 17,965.45 | +23.67 | +0.13% |
| .AXJO | S&P/ASX 200 | ASX 200 | 7,712.50 | -11.80 | -0.15% |
| .SSEC | Shanghai | SHANGHAI | 3,020.83 | -11.80 | -0.39% |
| .KS11 | KOSPI Index | KOSPI | 2,752.13 | -6.29 | -0.23% |
| .FTFCNBCA | CNBC 100 ASIA IDX | CNBC 100 | 9,673.40 | -50.84 | -0.52% |
Hong Kong Hang Seng index was down 0.34% after the MLF announcement, while the CSI 300 on mainland China slid 0.45%.
Japan’s Nikkei 225 tumbled 2% in early trading, dragged by energy and real estate stocks, while the Topix also saw a similar loss of 1.71%.
South Korea’s Kospi slipped 0.23%, and the small-cap Kospi climbed 0.17%, the only benchmark in positive territory.
Australia’s S&P/ASX 200 slipped 0.1%. Traders will be bracing for the Reserve Bank of Australia’s rate decision on Tuesday.
On Friday in the U.S., the Nasdaq Composite notched a fifth straight winning session, adding 0.12%, while the S&P 500 inched lower by 0.04%, to snap a four-day winning streak.
The Dow Jones Industrial Average slipped 0.15%, to mark four straight days of losses.
— CNBC’s Lisa Kailai Han and Brian Evans contributed to this report.
