Asia-Pacific markets all slide ahead of key China data
![Asia-Pacific markets all slide ahead of key China data](https://media.nbcchicago.com/2024/01/107274080-1689842407573-gettyimages-1502178712-tang-notitle230705_npKkR.jpeg?quality=85&strip=all&resize=1200,675)
- China will release key economic data for May, including its urban unemployment rate, retail sales and industrial production numbers.
- The People's Bank of China is also expected to hold its medium term lending facility rate unchanged at 2.5%.
Asia-Pacific markets are all lower on Monday as the region looks to key economic data out from China.
The world's second-largest economy will release May numbers for its retail sales, industrial output and urban unemployment rate.
The People's Bank of China is also expected to announce its one-year medium term lending facility rate, with economists polled by Reuters forecasting no change to the current rate of 2.5%.
Hong Kong Hang Seng index futures were at 17,794, lower than the HSI's last close of 17,941.78.
Japan's Nikkei 225 tumbled 1.26% on its open, while the Topix also saw a similar loss of 1.07%.
South Korea's Kospi slipped 0.55%, and the small-cap Kospi inched down 0.27%.
Australia's S&P/ASX 200 started the day down 0.12%. Traders will be bracing for the Reserve Bank of Australia's rate decision on Tuesday.
On Friday in the U.S., the Nasdaq Composite notched a fifth straight winning session, adding 0.12%, while the S&P 500 inched lower by 0.04%, to snap a four-day winning streak.
The Dow Jones Industrial Average slipped 0.15%, to mark four straight days of losses.
—CNBC's Lisa Kailai Han and Brian Evans contributed to this report.