December 25, 2024

Tokyo, Japan skyline with Tokyo Tower

Huang Junye | Electronics + | Getty Images

Asia-Pacific markets opened mixed on Monday as traders assessed revised growth data from Japan and awaited November inflation data from China.

Japanese Nikkei 225 Index It opened up 0.5% and the Topix gained 0.4%.

Japan’s third-quarter GDP was revised to 0.3% quarter-on-quarter, higher than 0.2% and higher than the forecast of a Reuters survey, which is not expected to change.

South Korea’s Kospi fell 1.6% and the Kosdaq fell 2.9% amid ongoing political unrest in the country.

South Korean President Yoon Suk-yeol survived an impeachment vote in parliament over the weekend, but party leaders said the president would eventually resign.

Hongkong Hang Seng Index Index futures were at 19,821 points, lower than the Hang Seng Index’s last closing point of 19,865.85 points.

Australia’s S&P/ASX 200 index fell 0.35%.

In the United States on Friday, the S&P 500 and Nasdaq Composite index rose to new highs after November employment data was slightly better than expected, but not serious enough to prevent the Federal Reserve from cutting interest rates again later this month.

The S&P 500 rose 0.25% to 6,090.27. The tech-heavy Nasdaq rose 0.81% to 19,859.77, boosted by gains in Tesla, Meta Platforms and Amazon.

The Dow Jones Industrial Average fell 123.19 points, or 0.28%, to close at 44,642.52 points.

The S&P 500 and Nasdaq also posted gains for the third consecutive week, rising 0.96% and 3.34% respectively. The Dow Jones lost 0.6% in the period.

—CNBC’s Sean Conlon, Lisa Kailai Han and Pia Singh contributed to this report.

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