Major stock indexes in the Asia-Pacific region traded mostly below the flatline on Tuesday as China prepares to release its inflation numbers for May. Japan today posted its gross domestic product figures for the first quarter of 2024, in line with expectations.
Investors digested new political instability in European markets following the rise of right-wing parties in the European Parliamentary election. They also eagerly anticipated the release of United States inflation data and the Federal Reserve's upcoming decision on interest rates on Wednesday.
On the Chinese mainland, the Shanghai Composite lost 1.09% and the Shenzhen Composite dropped by 0.56% at 7:07 am CET. The South Korean Kospi was flat. Japan's Nikkei 225 jumped by 0.29% at 7:23 am CET, while Hong Kong's Hang Seng lost 1.66%. A minute later, Australia's S&P/ASX 200 was 1.32% down.
The dollar rose by 0.16% against the yen, going for ¥157.27800 at 7:24 am CET.
