Asia-Pacific markets traded mixed Monday, with markets in Japan, Singapore, Indonesia and Malaysia advancing.
The Japanese benchmark index, Nikkei 225, was up 0.4%, trimming some of its earlier gains. The Topix index added 0.54%.
Singapore’s Straits Times Index rose 0.39% while the Jakarta Composite in Indonesia was up 0.47% and the Malaysian benchmark index added 0.82%.
In South Korea, Kospi index fell 0.29% and Hong Kong’s Hang Seng index was down 0.59%. Chinese mainland shares also declined: The Shanghai composite was down 0.35% while the Shenzhen component fell 0.8%.
Australia’s ASX 200 advanced 0.08% as major miners came under pressure. Shares of Rio Tinto fell 1.59%, Fortescue was down 2.69% while BHP declined 1.38%.
The session follows after last week the Dow Jones Industrial Average and the S&P 500 stateside posted their fourth and second consecutive negative week of losses. U.S. stock index futures were little changed.
Last week, data showed strong comeback by the services sector both in the U.S. and Europe as businesses reopened following prolonged lockdown and benefited from a global demand recovery.
