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.
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Stocks in the Asia-Pacific traded mixed on Monday as mainland Chinese markets jumped on resuming trade after a week-long New Year break.
Chinese onshore equities are headed for a bull market — the CSI 300, which tracks the largest mainland-listed stocks, have gained about 20% from its recent lows seen at the end of October last year.
The Shenzhen Component rose 1.4%, leading gains in the wider region. The Shanghai Composite rose 0.55%while Hong Kong’s Hang Seng index traded 0.9% lower.
In Japan, the Nikkei 225 rose 0.33% while the Topix also gained 0.14%. South Korea’s Kospi fell 1.2% while the Kosdaq shed 0.26%.
The S&P/ASX 200 in Australia was slightly below the flatline. 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
Read More: China returns from New Year, CSI 300, New Zealand trade, Fed meeting