A female trips her bike with the Marina Bay Sands hotel and skyscrapers in the background in Singapore onSept 4, 2023.
Roslan Rahman|AFP|Getty Images
Asia-Pacific markets were mainly lower on Monday as financiers kept track of inflation information from the area.
Singapore and Malaysia both launched inflation reports that can be found in greater than anticipated on Monday.
Australia’s February customer cost index will be out Wednesday, while Tokyo’s inflation numbers are dueFriday The Japanese capital’s inflation numbers are commonly viewed as a leading sign of across the country patterns in the nation.
Hong Kong’s Hang Seng index was somewhat above the flatline in the last hour of trading, while the mainland China’s CSI 300 index ended the day 0.54% lower at 3,52576, marking its 3rd straight day of losses.
Japan’s Nikkei 225 closed 1.16% lower at 40,41412, pulling back from its all-time high up on Friday, while the broad-based Topix shut down 1.26% at 2,77764
South Korea’s Kospi dipped 0.4% to 2,73757, after opening greater and coming close to two-year highs. The small-cap Kosdaq acquired 1.07% and ended up at 913.69
In Australia, the S&P/ ASX 200 increased 0.53% and closed at 7,8119, rebounding from Friday’s losses and edging near tape-record highs.
On Friday in the U.S., the Dow Jones Industrial Average pulled away by over 300 points, or 0.77%, after back to back sessions where the index set perpetuity records. The S&P 500 fell 0.14%.
However, the Nasdaq Composite continued its rally, including 0.16% to close at 16,42882 for another record.
“It’s a digestion period after a really strong week,” stated Truist’s co-chief financial investment officer Keith Lerner of Friday’s relocations. “Our view is that the overall trend is still positive for the market, especially when you see this breakout of new highs, on track for your fifth consecutive month of gains.”
— CNBC’s Samantha Subin and Lisa Kailai Han added to this report
