Visitors line the central street of Taipa Village in Macau, China, on Wednesday, January 25, 2023. Tourism and spending rebound in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the province and mainland China.
bloomberg | bloomberg | Getty Images
Shares in the Asia-Pacific region traded mixed on Monday as mainland Chinese markets jumped on the week-long resumption of trading after the New Year holidays.
Chinese domestic stocks are heading into a bull market – The CSI 300 index, which tracks the largest stocks listed on the mainland, is up about 20% from its recent lows seen at the end of October last year.
the Shenzhen component It rose 1.4%, leading the gains in the broader region. the Shanghai boat It rose 0.55% while it rose in Hong Kong Hang Seng Index It was trading down 0.9%.
in Japan , Nikkei 225 index It rose by 0.33% while the Topix index was also up by 0.14%. South Korea Cosby It fell 1.2%, while the KOSDAQ fell 0.26%.
the S&P/ASX 200 In Australia it was just below the flatline. Investors also digested trade data from New Zealand.
Stocks on Wall Street ended the week last friday higher, supported by gains in Tesla stock and better than expected GDP report Thursday. All major averages posted a positive week and are on track for a month of gains.
— CNBC’s Samantha Sobin, Carmen Renick, contributed to this report
“Reader. Infuriatingly humble coffee enthusiast. Future teen idol. Tv nerd. Explorer. Organizer. Twitter aficionado. Evil music fanatic.”