Shanghai urban skyline and the bund, China.
Comezora | Moment | Getty Images
Asia-Pacific markets were mixed Monday as investors assessed China’s promises to support domestic businesses as well as developments in trade negotiations between the U.S. and countries in the region.
Over the weekend, China’s finance minister Lan Fo’an said that the Asian powerhouse will “adopt more proactive macroeconomic policies to promote the realization of the expected growth target for the whole year and continue to bring stability and momentum to the global economy,” according to a Google translation of a statement posted on the ministry’s website.
Mainland China’s CSI 300 index was flat in its last hour while Hong Kong’s Hang Seng Index moved up 0.36% in choppy trade.
India’s benchmark Nifty 50 rose 1.18% while the broader BSE Sensex gained 1.08%.
Over in Japan, the benchmark Nikkei 225 added 0.38% to end the day at 35,839.99 while the broader Topix index advanced 0.86% to 2,650.61.
In South Korea, the Kospi index edged up 0.1% to close at 2,548.86 while the small-cap Kosdaq fell 1.41% to 719.41.
Australia’s S&P/ASX 200 ended the day 0.36% higher at 7,997.10.
Investors will also be keeping tabs on developments in trade negotiations between the U.S. and countries in the region, after U.S. President Donald Trump indicated that another pause to his “reciprocal tariffs” was unlikely, according to Bloomberg reports.
— CNBC’s Lisa Kailai Han and Sean Conlon contributed to this report.
