Stock markets in Japan led gains in the region early Monday as March machinery orders due before the market open beat expectations, while other bourses tracked a muted finish on Wall Street Friday.Japan’s Nikkei 225 edged up at the open, buoyed by better-than-expected economic data and strong gains in financial heavyweights.
Meanwhile, China’s April house price index is on tap at 0930 SIN/HK and markets are expecting average new home prices to remain on a downtrend for the eighth consecutive month, albeit falling at a slower pace. A report from the China Index Academy (CIA) showed the average price of a new home in China’s 100 major cities tick down 0.01 percent month-on-month, compared with March’s 0.15 percent decline.
South Korea’s key Kospi index treads water early Monday amid mixed trading among blue-chips.
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