Investors assessed a slew of data from China, including its urban unemployment rate, retail sales, and industrial production.
Asia-Pacific markets mostly fell Friday, as investors assessed key China data to gauge the state of the world's second-largest economy.from a year earlier. The reading was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March.Investors also assessed data from Singapore, which showed non-oil domestic exports in April declined by 9.3%, slower than the preceding month.was down 0.
"Major indicators of industry, exports, employment and prices improved overall, with new driving forces maintain rapid growth," NBS said.China's April retail sales and fixed asset investment missed market expectations, while industrial production grew more than expected compared to the same period last year.
Fixed asset investment rose by 4.2% for the first four months of the year, missing estimates of a 4.6% increase.The reading was better than Reuters' poll estimate of a 10% drop. "We must spend some time in deciding what to do with our ETF holdings, including whether to unload them in the future," Ueda said.The BOJ has cumulative ETFs of 37.15 trillion yen , with an estimated market value of 71.3 trillion yen, according to financial information services websiteBofA Securities has screened for 20 of Asia's"most important stocks," selected from the constituents of the MSCI Asia Pacific Index.
Krishna added that the defensible margins that characterize the sector also have scarcity value in an increasingly troubling macroeconomic environment.The S&P 500 could next find support at the 5,575 level, according to Strategas head of technical and macro research Chris Verrone.
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