Asian markets trade mixed, Nikkei up 0.7%, Shanghai down 0.4%

Asian stocks trading mixed Monday, despite futures pointing to a higher open.
Japan’s benchmark Nikkei 225 index was up 0.72 percent; while Hong Kong’s Hang Seng index opened higher by 0.17 percent.

Chinese markets were lower, with the Shanghai composite lower by 0.43 percent and the Shenzhen composite dropping 0.821 percent.

Across the Korean Strait, the Kospi was down 0.36 percent, despite a South Korean central bank survey of 1,700 manufacturers showing that business confidence was at a seven-month high.

Japan’s April retail sales fell 0.8 percent year-on-year, compared to market consensus for a 1.2 percent decline, according to Reuters.

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Posted in: Indian Market Tips