Asia-Pacific markets traded mixed on Monday as investors anticipated a deluge of fresh business activity data from S&P Global.
By 12:15 pm AEDT (1:15 am GMT) the ASX 200 added 0.2%, the Kospi 200 was up 1.1% despite ongoing political uncertainty, while Japan's Nikkei 225 fell 0.8%.
The release of the Caixin Services Purchasing Managers’ Index (PMI) from S&P Global is expected to provide valuable insights into the health of China's economy, following prints from Australia and Japan earlier in the session.
On Friday, U.S. markets ended their losing streak as technology stocks rallied. The Nasdaq Composite and the S&P 500 closed 1.8% and 1.3% higher, respectively, while the Dow Jones Industrial Average advanced by 0.8%.
Among top performers in the S&P 500, Super Micro Computer. surged by 10.9%, Tesla advanced by 8.2%, and Vistra Corp gained 8.5%. Meanwhile, Dollar Tree fell 4.1%, while Molson Coors Beverage and Celanese Corp registered declines of 3.4% apiece.
In Asia, Chinese markets ended lower, with the Shanghai Composite falling 1.6% to 3,211.4 and the CSI 300 declining 1.2% to 13,775.2.
Meanwhile, Hong Kong’s Hang Seng Index rose 0.7% to close at 19,760.3.
India’s BSE SENSEX finished lower, falling 0.9% to 79,223.1.
European markets showed a downward trend, with the U.K.’s FTSE 100 closing 0.4% lower at 8,224, Germany’s DAX decreasing by 0.6% to 19,906.1, and France’s CAC 40 declining 1.5% to 7,282.2.