March 26, 2023

Complete News World

China back from the new year, CSI 300, New Zealand trade, Fed meeting

China back from the new year, CSI 300, New Zealand trade, Fed meeting

Visitors line the central street of Taipa Village in Macau, China, on Wednesday, January 25, 2023. Tourism and spending rebound in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the province and mainland China.

bloomberg | bloomberg | Getty Images

Shares in the Asia-Pacific region traded mixed on Monday as mainland Chinese markets jumped on the week-long resumption of trading after the New Year holidays.

Chinese domestic stocks are heading into a bull market The CSI 300 index, which tracks the largest stocks listed on the mainland, is up more than 20% from its recent lows seen at the end of October last year.

the Shenzhen component It rose more than 2%, leading gains in the broader region. the Shanghai boat It rose 1.36% in the first hour of trading. Hong Kong Hang Seng Index It was trading down 0.6%.

in Japan , Nikkei 225 index It rose by 0.12% while the Topix index was also up by 0.03%. South Korea Cosby The KOSDAQ fell by 0.24% while the KOSDAQ rose by 0.28%.

the S&P/ASX 200 In Australia it fell 0.12%. Investors also digested trade data from New Zealand.

Stocks on Wall Street ended the week last friday higher, supported by gains in Tesla stock and better than expected GDP report Thursday. All major averages posted a positive week and are on track for a month of gains.

— CNBC’s Samantha Sobin, Carmen Renick, contributed to this report

See also  The Dow closed more than 600 points lower after indecisive midterms and crypto sell-offs