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China returns from New Year, CSI 300, New Zealand trade, Fed meeting


Visitors on Central Street of the Taipa Village in Macau, China, on Wednesday, Jan. 25, 2023. Tourism and spending are reviving in Macau as the Lunar New Year holiday spurred a jump in visitors after pandemic travel restrictions were eased between the territory and mainland China.

Bloomberg | Bloomberg | Getty Images

Stocks in the Asia-Pacific traded mixed on Monday ahead of mainland Chinese markets resuming trade after a week-long New Year break.

Chinese onshore equities are poised to enter a bull market the CSI 300, which tracks the largest mainland-listed stocks, gained more than 19% from its recent lows seen at the end of October last year.

In Japan, the Nikkei 225 rose 0.2% and the Topix also gained 0.03%. South Korea’s Kospi fell 0.24% while the Kosdaq rose 0.28%.

The S&P/ASX 200 in Australia shed 0.12%. Investors also digested trade data from New Zealand.

Stocks on Wall Street ended the week last Friday higher, fueled by gains in Tesla shares and a better-than-expected GDP report on Thursday. All major averages posted a positive week and are on pace for a month of gains.

— CNBC’s Samantha Subin, Carmen Reinicke contributed to this report


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James Thomas
James Thomas
Hello, I am James Thomas blogger and content creator who specializes in personal finance and investing at Business Advise. I have been writing for over 5 years and have built a large following of readers who value practical advice and actionable tips. I'm committed to helping people take control of their financial futures and achieve their goals.

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