Stock indices of the Asia-Pacific region (APAC) are mostly falling on Friday, with the exception of the Chinese market, which turned to growth.

Japan’s Nikkei 225 loses 1.4%, Hong Kong’s Hang Seng loses 0.2%, South Korea’s KOSPI loses 1.1% and Australia’s S&P/ASX 200 loses 1.1%. China’s Shanghai Composite index adds 0.8%, Shenzhen Composite – 1.5%.

The Chinese market is growing following the quotations of shares of manufacturers and commodity companies. The resumption of production after the easing of quarantine restrictions in the country, favorable monetary policy, as well as clear signals that the PRC authorities are planning to take measures to stabilize growth, support the market mood, say experts Guosheng Securities.

The share price of the electric car manufacturer rose by 5.7% in the course of trading, quotations of securities Great Wall Motor, SAIC Motor and Guangzhou Auto rose by 2.8%, 1.8% and 2.7%, respectively.

The share price of electric vehicle battery manufacturer Contemporary Amperex Technology CATL jumped by 3.2%.

Zhejiang Huayou Cobalt rose by 2.4%, China Coal Energy – by 2.8%, Cnooc – by 2.2%.

Data on inflation in China for May, published on Friday, generally coincided with market expectations. At the same time, the decline in producer prices supported experts’ expectations that the Chinese authorities will continue to take measures to stimulate economic growth, which may include a reduction in the key rate by the Chinese Central Bank. The growth rate of consumer prices in China in May remained at the level of April – 2.1% in annual terms, the increase in producer prices slowed to 6.4%, the minimum for 14 months.

Stock quotes of Chinese Internet companies, traded in Hong Kong, declining on Friday amid weak reporting Bilibili Inc., the operator of a popular video service in the country.

Bilibili shares are losing 8.2% in value. The company reported a 2.5-fold increase in its net loss for the first quarter of 2022, while its adjusted earnings and revenue were worse than market forecasts. In addition, Bilibili gave a weak forecast for the current quarter.

The cost of securities Baidu Inc. decreased in the course of trading by 3.1%, Kuaishou Technology – by 0.3%.

In Japan, the leaders of the decline are also the shares of technology companies: SoftBank Group securities lose in value 1.8%, Tokyo Electron – 2.9%, Keyence – 2.2%, Advantest – 3.9%.

Producer prices in Japan in May rose by 9.1% in annualized terms, according to official data released on Friday. In April, according to the revised data, the rise in producer prices amounted to 10%. Experts predicted their rise in May by 9.8%.

The South Korean market is falling following the decline in stock prices of airlines and electronics manufacturers. The value of securities of Asiana Airlines fell by 2.7%, Samsung Electronics – by 2.2%, SK Hynix – by 2.8%.

In Australia, shares of BHP Group (-0.2%), Fortescue Metals (-0.8%), Rio Tinto (-2.7%), Woodside Energy (-1.6%), Santos Ltd. (-0.9%).