Asia-Pacific markets fall ahead of key data from China and Japan
Aerial view of vehicles driving on the road along the central business district of Beijing, China.
VCG | Visual China Group | Getty Images
Asia-Pacific markets fell on Monday after Wall Street fell in the US on Friday as investors paused trading in artificial intelligence.
“[Friday] “It’s a day of better value growth,” said Jed Ellerbroek, portfolio manager at Argent Capital Management. “Investors are certainly skittish as it relates to AI; not outright pessimistic, but I think a little cautious, nervous and hesitant.”
Traders in Asia will also be looking at fundamental data from Japan and China, where China will report retail sales, fixed asset investment and industrial production figures for November.
Japan will announce its fourth quarter Tankan figures. The Tankan survey, conducted by the Bank of Japan, measures business sentiment among companies in the world’s fourth-largest economy.
Australia’s S&P/ASX 200 started the day with a 0.66% loss. On Sunday, the country experienced its worst mass shooting in 30 years, leaving at least 15 people dead.
of japan Nikkei 225 It fell 1.3% while the Topix fell 0.27%. South Korea’s Kospi index fell 2.16%, while the small-cap Kosdaq fell 1.17%.
of hong kong Hang Seng index Futures traded at 25,735, below HSI’s last close of 25,976.79.
