Asia-Pacific markets started the final week of June mixed, even as U.S. markets snapped a multi-week winning streak Friday.
Over the weekend, Europe also saw a brief rebellion by the Wagner private military group in Russia, pushing oil prices up on Monday.
In Japan, the Nikkei 225 lost 82.73 points, or 0.3%, to 32,698.81.
In Hong Kong, the Hang Seng dropped 95.84 points, or 0.5%, to 18,794,13.
Japan’s producer prices index for its services sector rose 1.6% on a year-on-year basis in May, unchanged from April’s growth rate of 1.6%.
This puts the index at 108.5, a 0.1% month-on-month drop compared with April’s 108.6.
The PPI measures the average movements of prices received by domestic producers their services sold.
Australian markets slumped, dragged by energy stocks and marking its fourth straight day of losses.
Singapore’s manufacturing output decreased 10.8% in May 2023 from a year earlier, its fastest rate of decline since February 2013.
Excluding biomedical manufacturing, output fell 13% compared to the same period last year.
On a seasonally adjusted month-on-month basis, manufacturing output decreased 3.9% in May, and if biomedical manufacturing was excluded, output decreased 8% month-on-month.
In other markets
The CSI 300 backed off 54.33 points, or 1.4%, returning after a long weekend to close at 3,809.70.
In Korea, the Kospi Index regained 12.1 points, or 0.5%, to 2,582.70.
In Taiwan, the Taiex index staggered 143.16 points, or 0.8%, to 17,059.24.
In New Zealand, the NZX 50 backpedaled 98.87 points, or 0.8%, to 11,638.88.
In Australia, ASX 200 dropped 20.58 points, or 0.3%, to 7,078.65.
