Asia markets were mixed Monday to start a holiday-shortened week for most markets, while China remains shut for the week.
Many major stock markets in Asia-Pacific were closed Monday including Hong Kong, Taiwan and South Korea.
India’s Nifty 50 index edged 0.3% lower, while shares of financial technology firm Paytm, listed as One 97 Communications, rose 1.6%.
The company confirmed an independent director at its banking arm resigned from the Paytm Payments Bank board on Feb. 1.
In Australia, the S&P/ASX 200 closed 0.4% lower at 7,614.90.
The New Zealand dollar dipped 0.28% to $0.6128, cooling from a roughly 1.4% jump last week.
Reserve Bank of New Zealand Governor Adrian Orr said the country’s current inflation rate was still too high at 4.7%. Speaking before a parliamentary committee, Orr said the central bank aims to bring inflation down to around 2%.
Japan’s Nikkei 225 ended at 36,897.42, up 0.1%. The Topix dipped 0.2% at 2,557.88.
Japan’s Nikkei 225 breached the 37,000 point mark on an intra-day basis, touching 34-year highs on Friday.
Wall Street ended higher on Friday after December’s revised inflation reading came in lower than first reported. The benchmark S&P 500 closed above the key 5,000 level for the first time ever.
The S&P 500 rose 0.57% to end at 5,026.61, while the Nasdaq Composite rallied 1.25% to close at 15,990.66. The Dow Jones Industrial Average slipped 54.64 points, or 0.14%, to settle at 38,671.69.
