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.
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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.
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