Ivan Delgado
Independent Analyst
Asian stock markets traded mixed early Friday, tracking a muted finish on Wall Street last Friday and as investors digested a flurry of data from Asia’s economic giants.
Machinery orders in Japan rose 2.6 percent on-year in March, rebounding from a 0.4 percent slip in February. Month-on-month basis, core orders, which are usually regarded as an indicator of capital spending in the coming six to nine months, grew 2.9 percent, better than the 1.8 percent forecast from a Reuters poll of economists.
Meanwhile, China’s house price index fell 6.1 percent in April from the year-ago period, unchanged from March, according to Reuters calculations of Chinese official data released on Monday.
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