Asian markets were trading mixed in early deals on Monday as investors await a closely watched inflation report as well as the release of minutes of the Fed's March meeting this week for additional clues on the economic and rate outlook. Elsewhere, European Central Bank (ECB) officials indicated another rate hike in May. Meanwhile, as recession worries mount, traders looked ahead to the 2023 Spring Meetings of the World Bank and the International Monetary Fund taking place in Washington D.C. this week for direction.
Asian markets were trading mixed; Nikkei 225 surged 118.1 points or 0.43% to 27,636.41, Taiwan Weighted added 51.38 points or 0.32% to 15,887.88 and KOSPI increased 25.60 points or 1.03% to 2,516.01. On the other hand, Jakarta Composite plunged 45.44 points or 0.67% to 6,747.33, Shanghai Composite weakened 5.48 points or 0.16% to 3,322.17 and Straits Times was down by 5.13 points or 0.16% to 3,295.35.
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