Australian shares edged higher as did futures for the Hong Kong equity benchmark. Japanese stocks declined, with trading in the region likely to be muted by holidays in countries including Singapore.
Benchmarks for Japanese equities traded flat at the open while other markets including Hong Kong, New Zealand and Australia were shut. The S&P 500 notched an eight-week winning streak on Friday the longest in more than five years on signs price pressures in the US were easing. Contracts for US stocks and Treasuries were also little changed in Asia trading.
Equity benchmarks in Japan and Australia fell alongside Hong Kong share futures while Taiwan’s markets will be closed Thursday as Typhoon Khanun approaches, according to a statement from the stock exchange.
Shares rose in Japan, but fell in South Korea and Australia. Futures for Hong Kong equities pointed to small losses. Contracts for US stocks were slightly lower after the S&P 500 gained 0.4 percent and the tech-heavy Nasdaq 100 rose almost 1 percent on Monday,