Asia-Pacific markets mostly slipped Monday, as investors assessed threats from the Trump administration toward Greenland over the weekend, as well as key economic data from China out Monday.
In Japan, the Nikkei 225 fell 362.6 points, or 0.7%, to 53,583.57, marking three straight losing sessions. Yields on long term Japanese Government Bonds climbed to fresh records.
The benchmark 10-year JGB yield hit a high of 2.279%, its highest level since 1999. Yields on 20- and 30-year JGBs also hit record highs.
Hong Kong’s Hang Seng index retreated 281.06 points, or 1.1%, to 26,583.90.
In Korea, automaker Hyundai touched a record high as its shares surged as much as 17.92% Monday.
Over the weekend, U.S. President Donald Trump and European leaders exchanged tense rhetoric over the Arctic territory, with Trump threatening tariffs on eight European countries and demanding control of Greenland, which is part of Denmark.
European leaders responded by calling the threats “completely wrong” and “unacceptable.”
CHINA
The CSI 300 in Shanghai inched up 2.58 points, or 0.1%, to 4,734.46
China released its fourth-quarter GDP numbers, along with December figures for retail sales, urban investment and industrial output.
In other markets
In Korea, the Kospi gained 63.92 points, or 1.3%, to 4,904.66
In Taiwan, the Taiex hiked 230.59 points, or 0.7%, to 31,639.29.
In Singapore, the Straits Times Index deleted 14.22 points, or 0.3%. to 4,834.85.
In New Zealand, the NZX 50 dipped 137.81 points, or 1%, to 13,580.29
In Australia, the ASX 200 shied away 29.35 points, or 0.3%, to 8,874.51.
