Asian stocks are mixed

Asian stocks are mixed

On Monday, Asian stocks were mixed with China markets unavailable for a holiday as well as regional data not providing a clear direction for financial markets.

The S&P/ASX 200 headed south 0.25%.

Australian coal haulage group Aurizon Holdings reported that damage from Cyclone Debbie in Queensland could cover some rail lines employed by miners. Stocks of Aurizon Holdings dipped 0.38%, BHP Billiton sank 0.12%.

Japan's Nikkei 225 rallied 0.36%.

On Monday, financial markets in Shanghai are unavailable for a holiday.

The previous week, American shares closed lower, as a raft of mostly negative economic reports applies pressure on upside momentum and financials lagged.

During the last day of the month, the Dow concluded the trading session in negative territory and the benchmark suffered its first monthly loss since October, right after the latest batch of economic news disclosed a slowdown in personal spending as well as consumer sentiment.

 

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