Asian markets traded mixed in early deals on Monday, as investors reassessed artificial-intelligence tech rallies and positioned themselves ahead of the upcoming US Federal Reserve meeting minutes. Caution prevailed ahead to upcoming June inflation data from China, which will offer traders fresh clues on the trajectory of the mainland's recovery saddled local indices. Broader global geopolitical tensions and associated tariff worries also dulled investor sentiments. Japan’s Nikkei slipped in the session amidst looming domestic political uncertainty and rising Japanese bond yields.
Nikkei down by 303.07 points or 0.43% to 69,441.00, Straits Times dipped by 5.44 points or 0.10% to 5,238.85, Jakarta Composite lower by 15.63 points or 0.27% to 5,860.15, and KOSPI Index slipped by 53.60 points or 0.66% to 8,034.74.
On the flip side, Hang Seng up by 149.97 points or 0.64% to 23,500.00, Taiwan weighted rose by 145.12 points or 0.31% to 46,925.74, Shanghai Composite higher by 6.22 points or 0.15% to 4,049.86, and FTSE Bursa Malaysia KLCI index lifted by 3.53 points or 0.21% to 1,682.58.
