Asia markets traded mixed on Monday afternoon as investors remained wary about global risks that include a trade fight between the U.S. and China, growth outlook, as well as oil prices.
In Japan, the Nikkei 225 inched up 19.63 points, or 0.1%, to 22,269.88.
In Hong Kong, the Hang Seng Index regained 31.26 points, or 0.1%, to 25,633.18
SoftBank's domestic telecoms unit received approval on Monday to list on the Tokyo Stock Exchange in an initial public offering worth $21.04 billion U.S., making it one of the biggest IPOs ever. The company, SoftBank Corp, will list on Dec. 19.
The news emerged after the Japanese markets closed for the trading day — SoftBank Group shares were marginally lower.
The Japanese yen traded at 114.14 to the U.S. dollar, weakening from an earlier high of 113.70,
Australian markets pointed slightly upward. The heavily-weighted financial subindex fell 0.3% as shares of some major banks tumbled: ANZ shares were down 3% and the National Australia Bank declined 0.1%. Westpac shares were up 0.1% and Commowealth Bank rose 1.2%
The Australian dollar traded at $0.7204 U.S.
Oil prices were closely watched on Monday after the Organization of the Petroleum Exporting Countries and its allies warned about surging oil output that is set to leave the crude market oversupplied in 2019.
The Australian dollar traded at $0.7204 U.S.
In other markets
In Shanghai, the CSI 300 heightened 37.7 points, or 1.2%, to 3,205.14
In Taiwan, the Taiex index edged up 1.2 points to 9,831.21
In Korea, the Kospi index gave back 5.65 points, or 0.3%, at 2,080.44
In Singapore, the Straits Times Index slid 9.82 points, or 0.3%, to 3,068.15
In New Zealand, the NZX 50 gained 25.45 points, or 0.3%, to 8,956.85
In Australia, the ASX 200 recovered 19.45 points, or 0.3%, to 5,941.30
