Australia and Japan trade higher while most Asian markets close for Labor Day
Publishing timestamp: 2023-05-01 02:16:46
Summary
Australian and Japanese markets are trading higher, while most Asian markets are closed for Labor Day. Sony's stock tumbled despite reporting record annual operating profit. China's factory activity unexpectedly slipped into contraction territory. South Korean exports dropped for the seventh-straight month. Australia's central bank is expected to hold its benchmark policy rate at 3.6%. The US markets closed higher on Friday. The S&P 500 and MSCI World Index posted gains in April. The Federal Reserve may raise interest rates at its meeting next week. First Republic is most likely headed for receivership. Energy and consumer staples stocks have aided S&P 500's advance this month.
Sentiment: MIXED
Tickers: .AXJO, .DJI, .KS11, .SSEC, .DXY, @CL.1, .SPX, TAP, EQT, FRC, .SZI, MDLZ, AUD=, .HSI, JPY=, .IXIC, .N225, HES, @LCO.1,
Keywords: breaking news: markets, wti crude (mar'23), hang seng index, markets, business news, usd/jpy, s&p/asx 200, australian dollar/us dollar fx spot rate, nikkei 225 index, ice brent crude (apr'23), shenzhen component index, breaking news: asia, shanghai, world markets, kospi index, dxy us dollar currency index, asia economy,
Source: https://www.cnbc.com/2023/05/01/australia-and-japan-markets-asian-markets-close-for-labor-day-.html