People crossing a road in Tokyo are reflected on an electronic quote board displaying the Nikkei stock average of 225 stocks (above) on May 17, 2023. (Photo: Kazuhiro Nogi/AFP) (Photo: KAZUHIRO NOGI/AFP, Getty) Images) )
Kazuhiro Nogi | AFP | Getty Images
Asia-Pacific markets nearly fell on Tuesday as talks between US President Joe Biden and House Speaker Kevin McCarthy ended without a deal.
House Speaker Kevin McCarthy said the meeting was “productive” and “professional”. , said outside the West Wing.
Japanese factory activity expanded in May for the first time since October 2022, while Singapore’s April inflation hit a higher-than-expected 5.7%, according to a private survey released on Tuesday.
in Japan, Nikkei Stock Average It closed 0.42% lower at 30,957, ending a seven-day winning streak. TOPIX closed 0.66% lower at 2161.49. Both indexes erased gains in the first half of the day.
in Australia, S&P/ASX 200 The index rose 0.1% to close at 7,270.8, according to Juno Bank, due to slow growth in the country’s Composite Purchasing Managers Index in May.
South Korea’s KOSPI rose 0.41% to close at 2,567.55, while the Kosdaq rose 0.84% to close Tuesday at 859.16.
Hong Kong’s Hang Seng Index reversed its previous gains, dropping 1.27% to 19,428.08, its highest closing level since March 21, while mainland Chinese markets also fell. Shanghai Composite closed 1.52% lower at 3,246.24 and Shenzhen Composite closed 1.03% lower at 11,012.58.
The three major indexes ended mixedly in the US market overnight, with the Nasdaq Composite up 0.5% to close and intraday highs at their highest since August.
Separately, the S&P 500 index rose 0.02% on Monday while the Dow Jones Industrial Average fell 0.42%.
— CNBC’s Samantha Soobin and Jesse Pound contributed to this report
