Asia-Pacific markets were mixed on Monday after a volatile trading week around the world.
In Japan, the Nikkei 225 index gained 141.16 points, or 0.4%, to 37,028.37. The country’s cash earnings rose 2.8% year-on-year in January, slowing from December’s revised 4.4% climb.
In Hong Kong, the Hang Seng index dropped 447.81 points, or 1.9%, to 23,780.49.
Australian markets after closing at a six-month high in its previous session.
CHINA
The CSI 300 in mainland China retreated 15.21 points, or 0.4% to 3,928.80.
Over the weekend, China’s consumer inflation dropped below zero for the first time in 13 months due to seasonal distortions and deflationary pressures. The consumer price index declined 0.7% in February from a year earlier, compared with a 0.5% gain in the previous month, data from the National Bureau of Statistics revealed.
The Asian giant on Saturday also announced retaliatory tariffs on some Canadian agricultural goods after Ottawa slapped import duties on Chinese-made electric vehicles and steel and aluminum products last year.
Beijing said a 100% tariff would be imposed on Canadian rapeseed oil, oil cakes and peas, while a 25% levy would be placed on aquatic products and pork originating in Canada.
In other markets
In Taiwan, the Taiex index stepped back 116.92 points, or 0.5%, to 22,459/15.
In Singapore, the Straits Times index moved lower 2.58 points, or 0.1%, to 3,914.48
In Korea, the Kospi recovered 6.92 points, or 0.5%, to 2,563.48
In New Zealand, the NZX 50 faded 29.16 points, or 0.2%, to 12,399.78.
In Australia, the ASX 200 fell 146.54 points, or 1.8%, to 7,948.17
