Citizens dine at a restaurant on December 1, 2022 in Guangzhou, Guangdong Province of China.
VCG | Visual China Group | Getty Images
Shares in the Asia-Pacific traded mixed on Monday ahead of the results of the Caixin Purchasing Managers’ Index, a private survey on China’s services activity.
The Nikkei 225 in Japan fell 0.14% and the Topix slipped 0.2%. In Australia, the S&P/ASX 200 rose 0.29%.
South Korea’s Kospi was about flat, and the Kosdaq added 0.44%. The MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.21%.
Oil prices rose 2% as OPEC+ stuck to its policy of lowering oil production and China relaxed some Covid rules.
In the U.S. on Friday, stocks fell after a strong jobs report but markets later focused on the possibility of smaller Fed hikes, and major indexes closed slightly lower.
Read More: Asia markets see mixed session ahead of private survey results on China’s services activity