Asian stock markets are on the rise amid mixed signs for investors, such as rising energy prices and easing of coronavirus restrictions in China.
The stock market in China remains closed due to a national holiday. Indices in other markets are moving up, thanks to the overnight rally on Wall Street.
Investors will be turning their attention to the US for job data. The OPEC + meeting, at which it was decided yesterday to increase production, failed to significantly stabilize energy prices.
Japan and the United States have also signed a review of the Beef Safeguard Mechanism under the US-Japan Trade Agreement, which will help US beef producers meet Japan’s growing demand for high-quality meat.
The Nikkei 225 in Tokyo was up 1.1%, the S & P / ASX in Australia was up 0.8%, the Kospi in Seoul was up 0.3%, while the indices in Singapore and Indonesia were up 0.12%. % and 0.88% respectively.
In macroeconomic news, service activity in Japan grew at the fastest pace in May, as the consumer climate recovered further after the easing of coronavirus restrictions, although high energy and materials costs pushed up prices. record entry.
The final PMI for services rose to the seasonally adjusted 52.6 points from 50.7 points in the previous month, with activity remaining well above the 50 points separating the recession from growth.
The figures are the highest growth rate since November 2021.
Source: Capital
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