A woman rides a bicycle with the Marina Bay Sands hotel and high-rise buildings in the background on September 4, 2023, in Singapore.
Roslan Rahman | AFP | Getty Images
Asia-Pacific markets opened mixed on Monday as investors awaited a series of inflation reports from the region.
Singapore and Malaysia will release February inflation reports on Monday, while Australia’s inflation data will be released on Wednesday.
Tokyo inflation data will be released on Friday. Tokyo’s inflation data is generally considered a leading indicator of trends across Japan.
In Australia, S&P/ASX 200 Index It rose 0.64%, rebounding from Friday’s losses.
Japan’s Nikkei 225 Index It fell 0.27%, retreating from Friday’s all-time high, while the broad-based Topix posted a deeper loss of 0.47%.
Korean Cospi The Kosdaq rose 0.37%, with the small-cap Kosdaq rising 0.95%.
Hong Kong Hang Seng Index futures were at 16,515 points, the opening price was slightly higher than the Hang Seng Index’s last closing point of 16,499.47 points.
Friday in America, Dow Jones Industrial Average The index fell more than 300 points, or 0.77%, after hitting record highs for several consecutive trading days.this S&P 500 Index down 0.14%.
But, that Nasdaq Index It continued its upward trend, rising 0.16% to close at 16,428.82 points, setting another record high.
“It’s a digestion period after a very strong week,” Keith Lerner, co-chief investment officer at Truist, said of Friday’s moves. “Our view is that the overall trend remains positive for the market. , especially when you see a breakout to new highs and potentially a fifth straight month of gains.”
—CNBC’s Samantha Subin and Lisa Kailai Han contributed to this report
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