The upscale shopping district of\u00a0Ginza in Tokyo, Japan, on Saturday, May 4, 2024.\u00a0<\/p>\n
Bloomberg | Bloomberg | Getty Images<\/p>\n
Asia-Pacific markets mostly climbed Friday as investors assess a slew of economic data from the region.<\/p>\n
Japan’s benchmark Nikkei 225<\/a> rose 0.48% at the open and the Topix climbed 0.5%. <\/strong>South Korea’s Kospi<\/a> rose 0.36% while the small-cap Kosdaq was down 0.34%.<\/p>\n Australia’s benchmark S&P\/ASX 200 was up 0.16% at the open.<\/p>\n Futures for Hong Kong’s Hang Seng index<\/a> stood at 23,492, lower than its last close of 23,544.31.<\/p>\n Japan’s core inflation accelerated to 3.5% in April, government data showed<\/a> Friday, bolstered in part by surging rice prices<\/a>, as the central bank considers pausing its rate-hike stance<\/a> to assess the effects of U.S. tariffs.<\/p>\n Investors are also parsing South Korea’s PPI figures for April and New Zealand’s retail sales for the first quarter of the year.<\/p>\n Other economic data are set to be released later in the day, with Singapore slated to report inflation data for April, and Taiwan to publish its industrial output figures.<\/p>\n U.S. stock futures were little changed as investors continue to evaluate the effect of higher U.S. Treasury yields on the economy. Futures tied to the\u00a0Dow Jones Industrial Average<\/a>\u00a0added 14 points, or 0.03%.\u00a0Nasdaq 100 futures<\/a>\u00a0were marginally lower, while\u00a0S&P 500 futures<\/a>\u00a0ticked up 0.03%.<\/p>\n Overnight stateside, the three major averages closed mixed as investors grappled with fears of rising rates and worries about a ballooning U.S. deficit. The 30-year Treasury yield hit its highest since 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit.<\/p>\n The\u00a0Dow Jones Industrial Average<\/a>\u00a0slipped 1.35 points, closing at 41,859.09. The\u00a0S&P 500<\/a>\u00a0lost 0.04% and ended at 5,842.01, while the\u00a0Nasdaq Composite<\/a>\u00a0advanced 0.28% and settled at 18,925.73.<\/p>\n \u2014 CNBC’s Lisa Kailai Han and Yun Li contributed to this report.<\/p>\n","protected":false},"excerpt":{"rendered":"The upscale shopping district of\u00a0Ginza in Tokyo, Japan, on Saturday, May 4, 2024.\u00a0 Bloomberg | Bloomberg | Getty…\n","protected":false},"author":2,"featured_media":123958,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[186,51,3085,4750,31968,2122,21347,2441,704,21349,15695,525,16,15,49],"class_list":{"0":"post-123957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-australia","9":"tag-business","10":"tag-business-news","11":"tag-economic-events","12":"tag-government-debt","13":"tag-japan","14":"tag-kospi-index","15":"tag-markets","16":"tag-new-zealand","17":"tag-nikkei-225-index","18":"tag-osaka","19":"tag-south-korea","20":"tag-uk","21":"tag-united-kingdom","22":"tag-united-states"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114554457451846935","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/123957","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=123957"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/123957\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/123958"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=123957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=123957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=123957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}