On Monday, Asian stock markets closed mixed as investors stopped to percentage the global growth outlook after some downgrade economic data in the U.S, though the stocks in Tokyo increased for the fifth straight session, with a weaker yen which boosting Japanese exporters.
The Nikkei Stock Average up 0.1% to 10,141.99, its highest closing since the March 11 earthquake and nuclear disasters. South Korea's Kospi surged 0.6%, Australia's S&P/ASX 200 index gained 0.3% and Taiwan's Taiex was down 0.1%.
China's Shanghai Composite closed by 0.2% higher after a choppy trading session, while Hong Kong's Hang Seng Index was down 1.0% and Singapore's Straits Times Index slipped 0.6%.
Stock movements were limited across the region after Friday's disappointing U.S. consumer sentiment survey, in under view industrial production outcome for February, and data performing that there was a bit inflationary pressure outside of increasing energy costs.
Peter Lai, director at DBS Vickers in Hong Kong, said:” An absence of firm catalyst eased the investors mood, while the markets is weak.., except there is some good news, markets will continue to trade in a exhausted.”
Shares in Poly Real Estate Group Co. was down 0.8%, Gemdale Corp. slumped 0.5% and China Vanke Co. dropped 0.6%.
In Tokyo, the yen's sharp decline against the euro pushed the market as some Europe-linked exporters outperformed. Shares of Fanuc Corp. surged 2.0%, while machinery maker Komatsu Ltd. added 2.9%.