⚠️BREAKING: *ASIAN-PACIFIC STOCKS MOSTLY LOWER ACROSS THE REGION TO START THE WEEK, CHINA MARKET OUTPERFORMS - 🇨🇳🇯🇵🇭🇰🇰🇷🇮🇳🇮🇩🇦🇺
Investing.com -- Most Asian stock markets sank on Monday as traders hunkered down ahead of more cues on monetary policy from key U.S. inflation data due this week, while Chinese stocks rose as investors continued to bet on a reopening-led recovery this year.index was the worst performer for the day, down 1% as markets also awaited more details from the government on the next Bank of Japan governor. Media reports suggested that the government will make an announcement on the matter this week.
The next BOJ governor will shoulder the burden of carrying out the bank’s ultra-loose policy amid rising and slowing economic growth. The nomination of a hawkish candidate could spur further weakness in Japanese stocks.
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