The sails of the Opera House are illuminated with projected images during the opening night of Vivid Sydney 2023, Friday, May 26, 2023, in Sydney, Australia.
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Asia-Pacific markets were mixed on Friday, with mainland China recovering from a six-year low and the Australian market nearing an all-time high.
In Asia, investors India releases August inflation figures The consumer price index released late on Thursday rose 3.65 percent from a year earlier, up from a five-year low, above a revised 3.6 percent in July and above the 3.5 percent forecast by economists polled by Reuters.
Mainland China’s CSI 300 rose 0.4%, bouncing back from a nearly six-year low to close at 3,127.47 on Thursday, its lowest since January 2019.
In contrast, Australia’s S&P/ASX 200 rose 0.53% to approach a record high of 8,148.7.
Korean Cospi It fell 0.15%, while the small-cap Kosdaq lost 0.26%.
Japanese Nikkei Stock Average The stock price index fell 0.46%, while the Tokyo Stock Exchange index also fell 0.56%.
Hong Kong Hang Seng Index It rose 0.87%.
Overnight in the US, the S&P 500 rose 0.75%, its fourth consecutive day of gains, while the Dow Jones Industrial Average rose 0.58% and the Nasdaq Composite Index added 1%, the biggest percentage gains.
On Thursday, the last major data on the U.S. economy was released ahead of next week’s Federal Reserve meeting. The U.S. Producer Price Index rose 0.2% month-on-month, in line with Dow Jones expectations. On a year-on-year basis, the composite producer price index rose 1.7%.
—CNBC’s Pia Singh, Jeff Cox and Sarah Min contributed to this report.
