Asia Pacific stocks trade mixed; private survey of Chinese factory activity ahead
Stocks in Asia Pacific traded mixed Monday morning as U.S.-China tensions continue to heat up.
In Japan, the Nikkei 225 jumped 1.07% in early trade, while the Topix index advanced 1.03%. South Korea’s Kospi, on the other hand, slipped 0.15%.
Over in Australia, the S&P/ASX 200 dipped fractionally.
Overall, the MSCI Asia ex-Japan index traded 0.15% lower.
On the economic data front, a private survey of Chinese factory activity is set to be released on Monday, with the Caixin/Markit manufacturing Purchasing Manager’s Index expected to be out at around 9:45 a.m. HK/SIN.
Meanwhile, HSBC is also set to report its interim results on Monday.
Reference: CNBC
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