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Asia-Pacific markets mostly rise; Japan exports top expectations

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World Markets,Asia Economy,Microsoft Corp

Japan's exports grew 13.5% year-on-year compared to a 13% increase expected by economists polled by Reuters, while imports grew 9.5%.

Asia-Pacific markets mostly rose, on the back of the S&P 500 hitting new highs as artificial intelligence firm Nvidia overtakes Microsoft as the most valuable public company.

Traders in Asia will focus on Japan's trade data for May. Exports grew 13.5% year-on-year, while imports grew 9.5% during the same period.Shares of the chipmaker jumped 3.5% overnight on Wall Street and have surged 174% since the beginning of the year. The broad market index advanced 0.25% to close at 5,487.03, while theTraders in Asia will focus on Japan's trade data for May, which saw exports beat expectations. Exports grew 13.

Separately, investors will assess the Reuters Tankan index which showed business confidence among large Japanese manufacturers decreased to +6 from +9 in May. On the flip side, business confidence among non-manufacturers climbed to +31 from +26 in May.

Source: Financial Digest (financialdigest.net)

World Markets Asia Economy Microsoft Corp S&P 500 Index Markets Hang Seng Index Nikkei 225 Index KOSPI Index Business News

 

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