Asia-Pacific markets traded mixed Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June.
China’s manufacturing activity contracted for the third consecutive month in June, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions between the superpower and the U.S.
Mainland China’s CSI 300 index added 0.37% to end the day at 3,936.08, while Hong Kong’s Hang Seng Index fell 0.87% to 24,072.28.
Japan’s Nikkei 225 climbed 0.84% to end the day at 40,487.39 after hitting an over 11-month high earlier in the session, while the broader Topix index advanced 0.43% to 2,852.84.
In South Korea, the Kospi index closed 0.52% higher at 3,071.70, while the small-cap Kosdaq was flat at 781.50.
Over in Australia, the S&P/ASX 200 increased by 0.33% to end the day at 8,542.30.
Meanwhile, India’s benchmark Nifty 50 lost 0.53%, while the BSE Sensex dropped 0.54% as at 1.45 p.m. Indian Standard Time.
