Investors Return from Long Weekend, Asia Up

Asia-Pacific markets were mostly higher on Monday as some investors returned from a long Easter weekend.

In Japan, the Nikkei 225 gained 115.35 points, or 0.4%, to 27,633.36.

Shares of Nintendo rose in Monday’s afternoon trade as “The Super Mario Bros. Movie” was released in theaters with expectations to see a massive opening weekend despite poor reviews by critics.

Nintendo traded 3.6% higher — the movie opened with reportedly the biggest opening weekend in the year so far.

The movie took in a total of about $204 million in the U.S. over its first five days since release, and added $173 million worldwide.

Taiwan Semiconductor Manufacturing reported a 11.1% year on year increase in revenue for February, with sales coming in at NT$163.17 billion ($5.35 billion).

Revenue for January and February 2023 totaled NT$363.23 billion, an increase of 13.8% compared to the same period in 2022.

Shares of TSMC were trading 0.19% on Monday morning.

Markets in Hong Kong, Australia and New Zealand were closed for Easter Monday

In other markets

In Shanghai, the CSI 300 faded 18.47 points, or 0.5%, to 4,104.81.

In Singapore, the Straits Times faltered 6.05 points, or 0.2%, to 3,294.43.

In Korea, the Kospi gained 21 points, or 0.9%, to 2,512.08.

In Taiwan, the Taiex Index picked up 39.67 points, or 0.3%, to 15,876.17.