Asia stock markets traded mixed on Monday as Japan’s Nikkei continued to hit a fresh new high, while China shares opened higher, but lost gains as the session progressed.
As of 10:01 BKK time on Monday, Japan’s Nikkei rose 0.58% to 39,325.31 points, China’s Shanghai Composite fell 0.35% to 2,994.46 points, Hong Kong’s Hang Seng Index dropped 0.47% to 16,647.88 points, Australia’s ASX 200 gained 0.01% to 7,644 points and Korea’s Kospi dipped 0.56% to 2,652.67 points.
Meanwhile, Thailand’s SET Index is closed for holiday.
Investors will keep an eye on the upcoming economic data that could indicate global outlook such as China’s manufacturing purchasing managers’ index and the U.S. personal consumption expenditures price index, scheduled to be released this week.
According to the forecast, the core personal consumption expenditures price index, PCE (excludes food and energy costs), is seen rising 0.4% MoM. That would mark the second straight monthly rise and it could cement speculations that the Fed will not cut interest rates anytime soon.
