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Asia Mixed Ahead of Bank Decisions

Asia-Pacific markets were mixed on Monday after a stronger-than-expected U.S. jobs report on Friday revealed hiring and wage growth picked up in May.

In Japan, the Nikkei 225 index gained 96.63 points, or 0.3%, to 39,134.73.

In Hong Kong, the Hang Seng index returned to trading after a long weekend to drop 190.61 points, or 1%, to 18,176.34.

This week in Asia, investors will assess Japan’s revised first-quarter gross domestic product numbers on Monday, which came in at an annualized contraction of 1.8%. This was softer than the 2% contraction initially reported and also lower than the 1.9% revised contraction expected in a Reuters poll of economists.

Separately, the Bank of Japan’s rate decision will come on Friday, while China and India’s inflation numbers for May will be released on Wednesday.

In other markets

In Shanghai, also shut down Monday for holiday, the CSI 300 slid 31.23 points, or 0.9%, to 3,542.88.

In Korea, the Kospi index came back from the long weekend with a gain of 4.15 points, or 0.2%, to 2,705.32.

In Taiwan, the Taiex index staggered 66.26 points, or 0.3%, to 21,792.12, also to begin a short week.

In Singapore, the Straits Times Index inched down 12.87 points, or 0.4%, to 3,309.21.

In New Zealand, the NZX 50 retreated 2.09 points to 11,785.48.

In Australia, the ASX 200 fell 104.65 points, or 1.3%, to 7,755.38, also returning from a Monday holiday.