Asia markets were trading mixed on Monday, with some indices posting gains while others saw losses. Investors are closely watching the latest developments in the ongoing trade war between the United States and China, as well as the political unrest in Hong Kong.
In Japan, the Nikkei 225 was up 0.3% in early trading, buoyed by a weaker yen and positive economic data. The country’s industrial production rose 1.4% in August, beating expectations of a 0.5% increase. However, concerns over the impact of the trade war on Japan’s exports continue to weigh on investor sentiment.
In China, the Shanghai Composite was down 0.6% as investors remain cautious amid ongoing trade tensions with the US. The latest round of tariffs imposed by both countries has raised fears of a prolonged trade war, which could have a significant impact on China’s economy.
Meanwhile, in Hong Kong, the Hang Seng Index was trading flat as protests against the government’s extradition bill continue to disrupt the city’s economy. The ongoing unrest has led to a decline in tourism and retail sales, and investors are closely watching the situation for any signs of resolution.
In South Korea, the Kospi was up 0.2% as investors cheered positive economic data. The country’s industrial production rose 0.7% in August, beating expectations of a 0.2% increase. However, concerns over the impact of the trade war on South Korea’s technology sector continue to weigh on the index.
Overall, Asia markets are trading mixed on Monday as investors weigh the impact of the trade war and political unrest on the region’s economies. With no immediate resolution in sight, investors are likely to remain cautious in the coming days.