Pedestrians cross a street in front of the Tokyo Stock Exchange, operated by Japan Exchange Group, in Tokyo, Japan.
Toru Hanai | Bloomberg | Getty Images
Shares within the Asia-Pacific were mixed on Monday ahead of China’s factory activity data that is slated to be released, and as markets stay up for the U.S. Fed meeting later this week.
Hong Kong’s Hang Seng index dropped around 1% in early trade while Hang Seng Tech index gained 1%. Gaming stocks dropped greater than 2% after a casino was locked down on Sunday as a result of a Covid case. In mainland China, the Shanghai Composite fell 0.57% and the Shenzhen Component slipped 0.375%.
The Nikkei 225 rose 1.39%, and the Topix gained around 1%. South Korea’s Kospi added 0.58% and the Kosdaq was 0.52% higher.
In Australia, the S&P/ASX 200 increased 0.64%. MSCI’s broadest index of Asia-Pacific shares outside Japan was about flat.
China’s National Bureau of Statistics is anticipated to release its Purchasing Managers’ Index data Monday, and analysts expect a reading of fifty, in keeping with a Reuters poll.
Later this week, the Federal Reserve will hold its policy meeting and announce its rate of interest decision. Several countries will report inflation data this week.
On Friday within the U.S., major stock indexes jumped 2% each on optimism that inflation could also be slowing.
