Asia-Pacific markets largely fell tracking losses on Wall Street, Nasdaq and S&P break six-day winning streak

Japan -1.00%.

China -0.48%.

Hong Kong -1.11%.

Australia +0.53%

India -0.24%.

New Zealand May Services PMI 53.3 (prior 50.1).

In the U.S. on Friday, all three major indexes ended the day lower after a strong showing earlier in the week. The S&P 500 and Nasdaq Composite’s Friday fall broke their six-session winning streaks. The 30-stock Dow Jones Industrial Average fell 108.94 points, or 0.3%, to close at 34,299.12. The tech-heavy Nasdaq Composite slipped 0.7% to finish the session at 13,689.57, while the S&P 500 fell 0.4% to close at 4,409.59.

The meeting between US Secretary of State Blinken and Chinese Foreign Minister Qin was said to be candid, substantive and constructive although it lacked any breakthroughs.

Looking ahead, highlights include ECB SOMA, Speeches from ECB’s Lane, Schnabel & de Guindos. US markets are closed- Cash stock markets, bonds and FX are closed on Monday in the US.

China’s June loan prime rate announcement is scheduled for Tuesday. Hong Kong also slated to release its inflation figures for May on Tuesday.

Oil slides more than $1 on Monday amid China growth uncertainties. Brent crude lost $1.15, or 1.5%, to trade at $75.46 a barrel by 0350 GMT, while U.S. West Texas Intermediate crude was down $1.09, or 1.5%, to $70.69.

Gold ticks lower on Monday as traders assess Fed rate trajectory. Spot gold fell 0.1% to $1,955.79 per ounce by 0433 GMT. U.S. gold futures were down 0.2% to $1,967.20. Spot silver fell 0.2% to $24.09 per ounce, platinum was down 0.4% to $977.77 while palladium edged 0.1% lower to $1,409.43.

Currencies: (JPY:USD), (CNY:USD), (AUD:USD), (INR:USD), (HKD:USD), (NZD:USD).

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