Tokyo, Japan skyline with the Tokyo Tower
Chunyip Wong | E+ | Getty Images
Asia-Pacific markets were mixed Monday as traders assessed revised economic growth data from Japan and China’s November inflation data.
Japan’s Nikkei 225 was up 0.3%, while the Topix gained 0.4%.
Japan’s third-quarter GDP was revised to 0.3% on a quarter-on-quarter basis, up from 0.2% and above estimates from a Reuters poll that predicted no change.
Hong Kong Hang Seng index was trading flat, while mainland China’s CSI 300 index was up 0.3%.
China’s consumer price growth missed expectations in November, rising by 0.2% year on year, down from a 0.3% increase in October, according to the National Bureau of Statistics on Monday. Economists from Reuters forecast growth of 0.5%
South Korea’s Kospi was down 2%, while the Kosdaq dropped 3.9% amid the ongoing political turmoil in the country.
Over the weekend, South Korean President Yoon Suk Yeol survived an impeachment vote in parliament, but the leader of his party said the president would eventually resign.
Australia’s S&P/ASX 200 was down 0.2%.
In the U.S. on Friday, the S&P 500 and Nasdaq Composite rose to fresh records after November jobs data came in slightly better than expected, but not so hot as to deter the Federal Reserve from cutting rates again later this month.
The broad market S&P 500 climbed 0.25% to 6,090.27. Tech-heavy Nasdaq advanced 0.81% to 19,859.77, bolstered by gains in Tesla, Meta Platforms and Amazon.
The Dow Jones Industrial Average slipped 123.19 points, or 0.28%, to close at 44,642.52.
The S&P 500 and Nasdaq went on to their third straight positive week as well, rising 0.96% and 3.34%, respectively. The Dow slipped 0.6% during the period.
— CNBC’s Sean Conlon, Lisa Kailai Han and Pia Singh contributed to this report.
