View of the central business district skyline at sunset in Beijing, China.
Sheng Peng | Visual China Group | Getty Images
Asia-Pacific stocks were mixed Monday as markets kickstarted what ING calls a “quiet” week for economic data from the region.
Key data this week from Asia will include China’s loan prime rate, set to be released Wednesday. ING said no change is expected in China’s LPR, with the one-year rate currently at 3.1% and the five-year LPR at 3.6%.
Japan will release trade data on Tuesday and October headline inflation numbers on Friday, while Australia’s central bank on Tuesday will release minutes of its meeting earlier this month.
South Korea’s Kospi rose 2.35%, leading gains in Asia, powered by the rise in heavyweight Samsung Electronics, while the small-cap Kosdaq reversed losses to climb 1.47%.
Japan’s benchmark Nikkei 225 fell 0.5%, while the broad-based Topix was down 0.31%.
Australia’s S&P/ASX 200 was trading close to the flatline.
Hong Kong’s Hang Seng index was 0.8% higher, while mainland China’s CSI 300 gained 0.33%.