Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea.
Insung Jeon | Moment | Getty Images
Asia-Pacific markets traded mixed Monday , after the U.S.-Russia summit concluded without a ceasefire.
Japan’s Nikkei 225 benchmark ticked up 0.47%, while the broader Topix index added 0.5%.
In South Korea, the Kospi index fell 1.01%, while the small-cap Kosdaq declined 1.28%.
Australia’s S&P/ASX 200 briefly hit an intra-day high of 8,949 and was last seen flat.
Futures for Hong Kong’s Hang Seng index stood at 25,214, pointing to a stronger open compared with the HSI’s last close of 25,270.07.
Over in Singapore, non-oil domestic exports shrank 4.6% in July from the year before, worse than the 1.8% contraction penciled 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 up in early Asia hours on 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.
