Investing.com - Asian stocks were mixed on Monday, with Japanese stocks buoyed by lower oil prices and surprisingly strong jobs data out of the U.S., although weaker-than-expected Chinese exports offset the enthusiasm elsewhere in Asia.
During Asian trading on Monday, Hong Kong's Hang Seng Index was down 0.55%, Australia's S&P/ASX200 was down 0.30%, while Japan’s Nikkei 225 Index was up 0.21%.
In the U.S. on Friday, the Bureau of Labor Statistics reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
The government also revised January's figures upward to 284,000 jobs from 243,000.
A stronger U.S. economy will import more from Asia, including in Japan, where the central bank has taken steps to weaken the yen in recent weeks.
Japanese stocks also rose on better than expected machinery orders, which rose 3.4% in January, above expectations for a gain of 2.3%.
Cooling oil prices bolstered Japanese equities as well.
In China, however, weaker than expected exports sparked selling after trading kicked off the week.
In Hong Kong, the top decliners included Hang Seng Bank, down 2.62%, Li & Fung, down 2.25%, and SHK Property, down 2.10%.
In Australia, the top decliners included Mirabella Nickel, down 4.09%, Sigma Pharmaceuticals, down 3.51%, and Ioof Holdings, down 2.80%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.11%, while Germany ’s DAX 30 futures also signaled a loss of 0.11%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.20%.
Dow Jones Industrial Average futures were down 0.23% while the S&P 500 futures were also up 0.28%.
On Monday, the U.S. will release its federal budget balance.
During Asian trading on Monday, Hong Kong's Hang Seng Index was down 0.55%, Australia's S&P/ASX200 was down 0.30%, while Japan’s Nikkei 225 Index was up 0.21%.
In the U.S. on Friday, the Bureau of Labor Statistics reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
The government also revised January's figures upward to 284,000 jobs from 243,000.
A stronger U.S. economy will import more from Asia, including in Japan, where the central bank has taken steps to weaken the yen in recent weeks.
Japanese stocks also rose on better than expected machinery orders, which rose 3.4% in January, above expectations for a gain of 2.3%.
Cooling oil prices bolstered Japanese equities as well.
In China, however, weaker than expected exports sparked selling after trading kicked off the week.
In Hong Kong, the top decliners included Hang Seng Bank, down 2.62%, Li & Fung, down 2.25%, and SHK Property, down 2.10%.
In Australia, the top decliners included Mirabella Nickel, down 4.09%, Sigma Pharmaceuticals, down 3.51%, and Ioof Holdings, down 2.80%.
European stock futures indicated a lower opening.
France's CAC 40 futures pointed to a loss of 0.11%, while Germany ’s DAX 30 futures also signaled a loss of 0.11%. Meanwhile, in the U.K., the FTSE 100 futures indicated a loss of 0.20%.
Dow Jones Industrial Average futures were down 0.23% while the S&P 500 futures were also up 0.28%.
On Monday, the U.S. will release its federal budget balance.