Asia-Pacific markets mixed as China stocks set new 6-year low; yen strengthens to 9-month high

Shares of chip heavyweight Samsung Electronics slipped almost 3% as workers in its India plant reportedly went on strike for a fifth consecutive day.

Investors will react to August inflation figures out from India late Thursday, which showed that the consumer price index rose 3.65% year on year, rising from a five-year low. The sails of the Opera House are illuminated with projections on the opening night of Vivid Sydney 2023 in Sydney, Australia, on Friday, May 26, 2023.Asia-Pacific markets were mixed Friday, as mainland Chinese markets set a new six year low and Australian markets neared an all time high.late Thursday, which showed that the consumer price index rose 3.65% year on year, rising from a five-year low. This was above July's revised figure of 3.6% and also beat expectations of 3.

Thursday saw the last major data point for the U.S. economy before the Federal Reserve meeting next week, as the country's producer price index rose 0.2% month on month, in line with expectations from Dow Jones. On a year-on-year basis, headline PPI rose 1.7%.

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Asia-Pacific markets set for lower open as investors assess Nvidia results, monitor Asia tech stocksInvestors in Asia will look to stocks in the region that are related to or on Nvidia’s value chain, such as chipmakers and tech stocks.
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