Asia Mixed on China Efforts to Support Workers
Asia-Pacific markets traded mixed Monday as investors assessed China’s promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region.
In Japan, the Nikkei 225 gained another 134.25 points, or 0.4%, to 35,839.99
In Hong Kong, the Hang Seng Index ditched 8.78 points, or 0.0%, to 21,971.96
CHINA
The CSI 300 in mainland China let go of 5.37 points, or 0.1%, to 3,781.62.
Over the weekend, China’s finance minister Lan Fo’an said that the Asian powerhouse will “adopt more proactive macroeconomic policies to promote the realization of the expected growth target for the whole year and continue to bring stability and momentum to the global economy,” according to a Google translation of a statement posted on the ministry’s website.
In other markets
In Singapore, the Straits Times Index fell 11.98 points, or 0.3%, to 3,811.80
In Korea, the Kospi poked ahead 2.56 points, or 0.1%, to 2,548.86
In Taiwan, the Taiex leaped 161.68 points, or 0.8%, to 20,034.41
In New Zealand, the NZX 50 returned from a long weekend to gain 81.05 points, or 0.7%, to 12,098.89.
In Australia, the ASX 200 picked up 28.83 points, or 0.4%, to 7,997.06.
