Saturday, September 23, 2023
HomeBusiness NewsChina returns from New Year, CSI 300, New Zealand trade, Fed meeting

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

[ad_1]

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

[ad_2]

Source link

See also  Vonoprazan Fumarate: A Breakthrough in Acid-Related Disorder Management
James Thomas
James Thomashttps://businessadvise.org
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.

Most Popular