Asia-Pacific markets mostly rose Monday as investors awaited talks between U.S. President Donald Trump and his Ukrainian counterpart, Volodymyr Zelenskyy.
The U.S.-Russia summit on ending the conflict between Kyiv and Moscow concluded without a ceasefire deal on Friday.
Japan’s Nikkei 225 benchmark climbed 0.77% to end the day at an all-time high of 43,714.31, with gains led by the consumer cyclicals, healthcare and industrials sectors.
The best-performing stocks were , which surged 10.2%, , which advanced 7.79% and CyberAgent Inc
Meanwhile, Japan’s broader Topix index closed 0.43% higher at 3,120.96.
In South Korea, the Kospi index reversed course from gains in the previous two sessions and ended the day 1.5% lower at 3,177.28, while the small-cap Kosdaq declined by 2.11% 798.05.
Mainland China’s CSI 300 rose 0.88% to end the day at 4,239.41, its highest level since October 2024, while Hong Kong’s Hang Seng Index fell 0.37% to 25,176.85.
Meanwhile, Taiwan’s Taiex index added 0.61% to end the day at 24,482.52, topping its previous record close in July 2024.
Over in India, the benchmark Nifty 50 advanced 1.21%, while the BSE Sensex index added 1.06% as of 1:40 p.m. Indian Standard Time (4:10 a.m. ET).
The moves come as the country is set to slash its goods and services tax on small petrol and diesel cars to 18% from 28%, Reuters reported, citing sources familiar with the matter.
Australia’s S&P/ASX 200 pared earlier gains to end the day 0.23% higher at 8,959.39, after briefly hitting an intra-day high.
In Singapore, non-oil domestic exports shrank 4.6% in July from the year before, worse than the 1.8% contraction penciled in by economists polled by Reuters.
July’s reading comes after a revised growth rate of 12.9% in June, data from Enterprise Singapore showed Monday.
U.S. equity futures ticked down despite hopes for rate cuts by the U.S. Federal Reserve, which fueled a winning week on Wall Street.
The S&P 500 slipped on Friday after hitting a record high, as investors took some gains off the table after a strong week.
The broad market index settled down 0.29% at 6,449.80. The Nasdaq Composite shed 0.40% to end the week at 21,622.98. while the Dow Jones Industrial Average outperformed, rising 34.86 points, or 0.08%, to close at 44,946.12, thanks to a 12% jump in UnitedHealth.
— CNBC’s Alex Harring and Lisa Kailan Han contributed to this report.
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