Asian Markets: Stocks, Economic Growth, Earnings

SINGAPORE — Stocks in the Asia-Pacific region traded higher early Monday as global concerns continue to weigh on markets.

In markets out of Japan, the Nikkei 225 rose 0.94%, while the Topix rose 0.85%.

Australia’s S&P/ASX 200 rose 0.32%.

The Kospi in South Korea rose 0.44%, while the Kosdaq rose 0.34%.

Chinese electric vehicle maker Xpeng will report its first-quarter earnings on Monday.

Stocks in the United States have been taking a beating as markets fear a recession.

CNBC Pro Stock Picks & Investing Trends:

In the US, the S&P 500 briefly dipped into bear market territory during the trading session on Friday, but recovered slightly to close almost unchanged. The Dow Jones Industrial Average rose 8.77 points to 31,261.90 after reversing losses of more than 600 points.

The Nasdaq Composite is already in bear market territory, down 30% from its highs, and was down 0.3% on Friday. All three indices have posted at least one seven-week losing streak.

coins

The US dollar index, which tracks the greenback against a basket of its peers, was at 102.919, down from levels above 103 seen last week.

The Japanese yen traded at 127.82 per dollar, stronger than the 129 levels at the beginning of last week. The Australian dollar strengthened and was last at $0.7075.

Add Comment