Shares across the Asia-Pacific region opened mixed on Monday, while U.S. stocks also posted mixed results on Friday following cooling inflation data.
By 11:00 am AEST (1:00 am GMT) The ASX 200 lifted 0.7%, the KOSPI 200 fell 0.5%, while the Nikkei 225 tumbled more than 4% following last week's election results.
In the U.S., the Dow Jones Industrial Average (DJIA) rose 0.3% to 42,313, while the Nasdaq dropped 0.4% to 18,120 and the S&P 500 fell 0.1% to 5,738. For the week, all three indices were up nearly 1%.
Among the top performers in the S&P 500, Wynn Resorts Ltd surged 7.2%, Walgreens Boots Alliance Inc jumped 6.34%, and APA Corp climbed 5.9%.
On the downside, Dell Technologies Inc dropped 4.9%, Globe Life Inc fell 4.7%, and Universal Health Services Inc lost 4.1%.
Ahead in the session, investors are eagerly awaiting key economic data from China, with the official purchasing managers’ index (PMI) for September set to be released at 11:30 am AEST.
Additionally, China’s private Caixin PMI survey, compiled by S&P Global, is scheduled for release later on Monday, offering further insights into the nation’s economic health.
In the commodities market, Brent crude rose 0.5% to $71.98 per barrel, while gold slid 0.5% to $2,658.24.
In Asia, Chinese stocks surged as the government's stimulus measures took hold. The Shanghai Composite Index rose 2.9% to 3,087.5, and the Shenzhen Composite Index jumped 6.1% to 1,737.6. Hong Kong’s Hang Seng Index also rallied 3.6% to close at 20,632.3.
European markets closed higher, lifted by broader global optimism. The FTSE 100 in the U.K. rose 0.4% to 8,320.8. In the Eurozone, Germany’s DAX climbed 1.2% to 19,473.6, while France’s CAC 40 gained 0.6% to 7,791.8.