Asia Mixed on Flood of Data

Asia-Pacific markets traded mixed Monday as investors parsed details on trade negotiations and a slew of data points, including South Korea and Japan’s industrial output figures for May and China’s purchasing managers’ index readings for June.

In Japan, the Nikkei 225 popped 366.60 points, or 0.8%, to 40,487.39, after hitting an over 11-month high earlier in the session

In Hong Kong, the Hang Seng dropped 211.87 points, or 0.9%, to 24,072.28.

CHINA

In Shanghai, the CSI 300 regained 14.32 points, or 0.4%, to 3,936.08.

China’s manufacturing activity contracted for the third consecutive month in June, fueling hopes for more stimulus to cushion the impact of ongoing trade disruptions between the superpower and the U.S.

In other markets

In Korea, the Kospi index added 15.76 points, or 0.5%, to 3,071.70.

In Taiwan, the Taiex index withered 324.06 points, or 1.4%, to 22,256.02.

In Singapore, the Straits Times index doffed 1.91 points, or 0.1%, to 3,964.29.

In New Zealand, the NZX 50 gained 19.22 points, or 0.2%, to 12,602.82.

In Australia, the ASX 200 improved 28.1 points, or 0.3%, to 8,542.27.