A girl rides a bicycle against the background of the Marina Bay Sands hotel and skyscrapers, Singapore, September 4, 2023.
Roslan Rahman | AFP | Getty Images
Asia-Pacific markets were mixed on Monday as investors awaited multiple inflation reports from the region.
Singapore and Malaysia will publish their February inflation reports on Monday, while Australia’s inflation data shall be released on Wednesday.
Tokyo inflation data shall be released on Friday. Inflation data in the capital is widely seen as a number one indicator of nationwide trends in Japan.
Hong Kong’s Hang Seng index opened 0.36% higher, while mainland China’s CSI 300 index fell 0.4% on the opening.
The Japanese index fell 0.60%, retreating from Friday’s all-time high, while the broad Topix index posted a wider lack of 0.77%.
South Korea’s stock fell by 0.17% after opening higher and approaching the very best levels in two years. Small-cap Kosdaq gained 1.10%.
In Australia, the speed rose 0.46%, rebounding from Friday’s losses and approaching record levels.
In the U.S. on Friday, the index fell greater than 300 points, or 0.77%, after back-to-back sessions in which the index set all-time highs. It fell by 0.14%.
However, the stock continued to rise, increasing by 0.16% to shut at 16,428.82, one other record high.
“It’s a digestion period after a really strong week,” Keith Lerner, Truist’s co-chief investment officer, said of Friday’s moves. “We believe the overall trend continues to be positive for the market, especially given the break to new highs, marking a fifth straight month of gains.”
