Asia-Pacific stocks mixed; mainland China markets closed

Asia-Pacific stocks mixed; mainland China markets closed


SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the U.S. Treasury yield curve.

The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%.

South Korea’s Kospi dipped 0.49%.Elsewhere in Australia, the S&P/ASX 200 rose 0.43%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.08% lower.

Markets in mainland China are closed on Monday and Tuesday this week for holidays.

A closely watched part of U.S. Treasury yields inverted on Friday as short-term rates jumped following the release of jobs data stateside, raising concerns over a potential recession on the horizon.

The benchmark 10-year Treasury yield last sat at 2.3895%, while the rate on the 2-year Treasury note was at 2.4625%. Yields move inversely to prices, with 1 basis point equal to 0.01%.

Stock picks and investing trends from CNBC Pro:

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 98.627, as compared to levels below 98 seen in late March.

The Japanese yen traded at 122.52 per dollar, stronger than levels above 124 seen against the greenback last week. The Australian dollar was at $0.7485, having traded in a range between $0.747 and $0.753 for much of last week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.88% to $103.47 per barrel. U.S. crude futures slipped 0.93% to $98.35 per barrel.

— CNBC’s Patti Domm contributed to this report.



Source

China urges halt to auto industry’s bruising price wars
World

China urges halt to auto industry’s bruising price wars

People work on the production line of auto parts at a carmaker in Qingdao in east China’s Shandong province Saturday, March 1, 2025. Yu Fangping | Feature China | Future Publishing | Getty Images China called on Saturday for its automotive industry to halt brutal price wars, as a threat to the sector’s health and […]

Read More
Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending
World

Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending

US Secretary of Defense Pete Hegseth (C) gestures beside Malaysia’s Defence Minister Mohamed Khaled Nordin (R) and other defence officials from the Association of Southeast Asian Nations (ASEAN) during a multilateral meeting ahead of the Shangri-La Dialogue Summit in Singapore on May 30, 2025. Mohd Rasfan | Afp | Getty Images SINGAPORE — Pentagon chief […]

Read More
China’s manufacturing activity contracts amid trade tensions
World

China’s manufacturing activity contracts amid trade tensions

A worker works in a workshop of a textile products manufacturing enterprise in Qingzhou Economic Development Zone in Qingzhou City, Shandong Province, China, on May 10, 2025. Costfoto | Nurphoto | Getty Images China’s manufacturing activity contracted for a second month in May, an official survey showed on Saturday, raising expectations for more stimulus to […]

Read More