The Nikkei index retained an upward bias amid hopes of the Bank of Japan keeping ultra-loose monetary policy intact. Foreign investors stepped up their sales in Hong Kong. Indian markets advanced after banks reported positive results.
Reliance Industries reported weaker-than-expected quarterly results, and weak crude oil prices weighed heavily on the performance. Hindustan Lever said quarterly sales rose marginally amid weak demand growth in rural markets.
Markets in China resumed their downward slide and extended losses to the fifth year in a row amid persistent selling by foreign investors. Annual inflation in Japan declined in December, and the yen edged lower.
Market indexes struggled to advance in China on the ongoing economic challenges. India is looking to ramp up its foreign direct investment over the next few years. Indexes In Japan struggled amid mixed trading.
The Chinese economy expanded at a slower-than-expected pace in the fourth quarter, and retail sales in December fell short of expectations, but industrial output accelerated in the month.
Mumbai stocks faced heavy selling pressure after Iran stepped up attacks in neighboring countries, including Pakistan. The prospect of a wider war in the Middle East kept investors on the sidelines as quarterly results rolled in.
Asian markets continued to slide amid rising supply chain disruptions linked to growing violence in the Red Sea and ongoing economic growth uncertainties. China is scheduled to release its GDP and retail sales data on Wednesday.
Stock markets in Asia traded higher, and investors focused on domestic corporate results as the earnings season kicked off. The ruling party won the presidential election on Saturday in Taiwan but lost its majority in the governing council.
Stocks continue to march higher in Tokyo, and the yen edged lower on the expectation that the Bank of Japan will maintain its ultra-loose monetary policy for the foreseeable future. China's consumer prices edged lower, and the international trade surplus expanded in December.
Stocks in Japan advanced in a broad rally after the yen dropped on the hopes that the Bank of Japan would continue its ultra-loose monetary policy. The Bank of Korea held its interest rate steady for the eighth time in a row.
Nominal wages adjusted for inflation continued to drift lower in Japan. Suzuki plans to double its automobile production capacity in India. The Hang Seng index extended losses to the seventh day in a row, and China cranked up cross-strait tensions ahead of the Taiwan elections.
Asian markets advanced following the surge in tech stocks in overnight trading in New York. The dip in crude oil prices also raised hopes of further weakening inflation.
Caution prevailed in Mumbai trading ahead of the start of the earnings season this week. Markets in Hong Kong and mainland China deepened losses ahead of the release of inflation and international trade data this week.
Market indexes in Mumbai advanced and are set to close higher for the week after volatile trading. Asian markets traded mixed, and market indexes in Hong Kong and Shanghai are set to close down for the week after manufacturing activities contracted for the third month in a row in December.
