Asia-Pacific markets were mixed on Monday as investors assessed business activity figures from several key economies in the region.
China's Caixin services purchasing managers' index from S&P Global rose to 52.2 in December, which marked the service sector's fastest expansion since May 2024. China's central bank said over the weekend it would implement a "moderately loose" monetary policy in 2025 as it seeks to boost growth.
Separately, Hong Kong's PMI declined in December compared to the month before. December PMI figures for India will also be released Monday.
Hong Kong's Hang Seng index opened higher after the PMI reading, before falling 0.2%, while mainland China's CSI 300 also lost 0.19%.
Japan's benchmark Nikkei 225 shed 1.12%, leading losses in Asia, while the broad-based Topix fell 0.82%.
South Korea's Kospi was up 1.47%, while the small-cap Kosdaq was 1.08% higher.
Political uncertainty continues to grip the country, with the country's head of presidential security service reportedly saying over the weekend he could not comply with efforts to arrest impeached president Yoon Suk Yeol.
A bid to arrest Yoon on grounds of insurrection last Friday failed after investigators were locked in a stand-off with presidential security officials.
Australia's S&P/ASX 200 pared gains to trade just above the flatline.(Cay) Newsmaker23
Source: CNBC
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth and interest rates. The STOXX 50 edged up to 5,674, an...
European stocks edged lower Friday afternoon after briefly hitting record intraday highs, as investors digested corporate earnings and economic data amid hopes that US–China trade tensions may ease wh...
U.S. stocks reached new heights on Friday as cool inflation data raised investors' optimism that the Federal Reserve can stay on its rate-cutting path, boosting the economy and justifying higher valua...
European markets opened higher after news of a planned meeting between Donald Trump and Xi Jinping next week eased trade war concerns. The Stoxx Europe 600 moved positively, led by the technology sect...
Asia-Pacific markets rose Friday, after the White House said that U.S. President Donald Trump and China's President Xi Jinping were set to hold talks next week. U.S. Press Secretary Karoline Leavitt ...
Silver (XAG/USD) weakened on Friday, trading around $48.85 per troy ounce at the time of writing, down 0.10% for the day, as the market consolidated below the psychological $49 level. The precious metal is taking a breather after its recent rally,...
The U.S. Trade Representative on Friday announced the launch of an investigation into China's implementation of the trade agreement signed during President Donald Trump's first term. "The launch of this investigation underscores the Trump...
European stocks closed slightly higher on Friday amid a mix of corporate earnings reports, while markets assessed the outlook for European growth and interest rates. The STOXX 50 edged up to 5,674, and the STOXX 600 gained 0.2% to close at a record...
The Fed will meet on October 28-29, 2025. This meeting is crucial because the market still considers the possibility of an interest rate cut, but...
U.S. Trade Representative Jamieson Greer said he and Treasury Secretary Scott Bessent will head to Malaysia on Wednesday to meet with Chinese...
Asia-Pacific markets fell Thursday, tracking Wall Street's declines on concerns about U.S.-China trade relations.
Trade fears resurfaced after...
European stock markets closed mostly lower in Wednesday trading as The Stoxx Europe was off 0.15%, Germany's DAX declined 0.71%, France's CAC lost...