SINGAPORE — Shares in the Asia-Pacific region were mixed on Monday as global concerns continued to plague investors.
In Japan markets, the Nikkei 225 rose 0.7%, while the Topix climbed 0.74%.
Australia's S&P/ASX 200 struggled for direction around the flatline and was last down 0.02%.
Greater China markets dropped, with Hong Kong's Hang Seng index falling 1.88% and the Hang Seng Tech index sliding 3.13%. Bilibili was 4.56% lower and Alibaba's Hong Kong shares fell 4.6%.
The Shanghai Composite slipped 0.47% and the Shenzhen Component declined 0.71%.
Chinese electric vehicle maker Xpeng is set to report its first-quarter earnings on Monday. The company's shares in Hong Kong fell nearly 9% in Asia trade.
In other markets, South Korea's Kospi struggled for direction and was last 0.08% higher, while the Kosdaq was up 0.29%.
MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.42%.
I think at the moment, the market is expecting a Fed that's just going to keep hiking and crush inflation, get it right back down, stomp it down, and that is hurting....
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