June 25, 2024

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mixed stock trading;  Caixin Services PMI data

mixed stock trading; Caixin Services PMI data

The Tokyo Stock Exchange in Japan.

Noriko Hayashi | Bloomberg via Getty Images

Shares in the Asia-Pacific region traded mixed on Monday as investors digest the results of a special survey on Chinese service sector activity.

Hong Kong Hang Seng Index It is down 1.29% in early trading, with Hang Seng Tech down more than 2%.

in Japan , Nikkei 225 The Topix lost 0.21%, and the Topix lost 0.17%.

The Shenzhen Component In mainland China decreased by 0.46%, decreased Shanghai boat down 0.22%.

China’s Caixin Services PMI came in at 55.0, compared to July print 55.5.

in south korea, Cosby The KOSDAQ Index is up 0.3% while the KOSDAQ Index is down 0.93%. The S & P / ASX 200 In Australia gain 0.24%.

MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.68%.

Friday in the United States, Nonfarm payrolls for August rose by 315,000, just below the Dow Jones estimate. Unemployment rose slightly.

“Asset markets initially recovered as higher US unemployment due to high participation rate was seen as a possible sign of easing inflationary pressures in the US labor market,” ANZ Research said in a note on Monday.

“[However,] The improvement in the mood did not last long, as news emerged that Gazprom does not plan to resume gas flows through Nord Stream 1 “.

The Group of Seven announced on Friday that He reached an agreement to put a ceiling on Russian oil prices.

“The lack of reaction in global oil prices indicates a degree of uncertainty about the impact,” ANZ Research wrote.

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