· Asia Pacific markets trade mostly higher but investors remain cautious over U.S.-China tensions
Asia Pacific markets traded mostly higher on Monday but investors remained cautious over heightened U.S.-China tensions in recent weeks.
South Korea’s Kospi index gained 1.48% to 2,386.38 as shares of automakers surged. Hyundai Motor added 15.65% while Kia Motors gained 9.7%.
Chinese mainland markets reversed earlier losses to advance: The Shanghai composite rose 0.75% to 3,379.25, the Shenzhen component index was fractionally higher at 13,657.31 and the Shenzhen composite was up 0.2% to 2,277.42.
In Hong Kong, the Hang Seng index retraced earlier losses of more than 1% to trade down 0.6%. The technology-focused Hang Seng Tech Index fell 2.89%.
Markets in Japan are closed Monday for a public holiday.
· European markets climb as investors look to China data, U.S. stimulus hopes
European stocks advanced on Monday morning, brushing off tensions between the U.S. and China that have dampened investor sentiment in Asia.
The pan-European Stoxx 600 climbed 0.6% in early trade, with banks adding 1.9% to lead gains while tech was the only sector in the red amid a fraying of relations between Washington and Beijing.
Reference: CNBC
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