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Asia Mostly Rises on Data-Heavy Day

Asia-Pacific markets mostly rose on Friday as investors parsed data from major economies across the region.

In Japan, the Nikkei 225 index regained 433.77 points, or 1.1%, to 38,487.90.

Japan’s industrial output figures showed a surprise 0.1% fall in April from the previous month, against a Reuters poll forecast for a 0.9% rise.
Another dataset showed core inflation in Japan’s capital Tokyo rose 1.9% in May, in line with Reuters poll expectations.

In Hong Kong, the Hang Seng index dropped 150.58 points, or 0.8%, to 18,079.61.

South Korea’s industrial production index rose 2.2% month-on-month in April on a seasonally adjusted basis, beating a Reuters poll expectation of a 1.1% rise.

CHINA

In Shanghai, the CSI 300 dropped 14.39 points, or 0.5%, to 3,579.92.

Data from China showed its manufacturing sector unexpectedly contracted in May, with the official purchasing managers index coming in at 49.5, from 50.4 in April.

In other markets

In Korea, the Kospi index inched higher 1.08 points to 2,636.52.

In Singapore, the Straits Times Index recovered 13.21 points, or 0.4%, to 3,336.59.

In Taiwan, the Taiex index subtracted 190.26 points, or 0.9%, to 21,174.22.

In New Zealand, the NZX 50 index vaulted 310.08 points, or 2.7%, to 11,867.29.

In Australia, the ASX 200 advanced 73.54 points, or 1%, to 7,701.74.