Asia stock markets had a mixed trading session on Monday morning as more economic data are expected to come out this week, which could give investors some indications over the economic outlook, especially the U.S.
China’s SSEC rose 0.60%, Australia’s ASX 200 increased 0.04% and Korea’s Kospi gained 0.17%. Meanwhile, Japan’s Nikkei decreased 0.19% and Hong Kong Hang Seng Index fell 1.32%.
Thailand’s SET Index dropped 1.41 points or 0.09% to 1,545.76 points.
India will release its inflation and industrial data for August on Tuesday. The U.S. is expected to report its inflation for August on Wednesday, which is forecast to increase 3.6% YoY, up from 3.2% a month prior. China will announce its industrial output, retail sales, and house sale prices on Friday.
However, the market was still concerned about the Fed’s uncertainties over how long it will keep interest rates at a higher level, while some analysts forecast the central bank to raise the rate by 25 basis points at the meeting in November.
