Asian markets trade mixed; Hang Seng index up ~1%

US crude rose 0.41% to $56.30 a barrel on Monday morning while international benchmark Brent was up 0.18% at $65.86.

Mar 11, 2019 09:03 IST India Infoline News Service

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Asian markets opened mixed with a most trading flat after Friday's extreme sell-off caught everyone off guard. The Chinese index was down over 5% as other markets followed owing to huge profit booking that took place after a stupendous run in 2019.

Meanwhile, all eyes on progress & implementation of positive trade talks between US & China.

Japan’s Nikkei 225 see-sawed between gains and losses to trade up 0.16%, the Topix index added 0.35%. In South Korea, the Kospi reversed early advances to trade down 0.29%.

US crude rose 0.41% to $56.30 a barrel on Monday morning while international benchmark Brent was up 0.18% at $65.86.

On Friday, Labor Department said the US economy created just 20,000 jobs last month, a fraction of what was expected. The readings from across the world knocked equity markets, which have enjoyed a stellar start to the year on hopes that China and the United States will resolve their trade war.

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