Biggest Asian stock markets traded on Monday showed mixed dynamics.

Asian stock markets today – what’s happening in the market?

Stock exchanges in Mainland China are closed with the holidays on the National Day of the People’s Republic of China and in South Korea – on the occasion of the Foundation Day. Japan’s Nikkei 225 Index rose 0.5% despite weak statistics.

The Tankan index, which measures confidence in Japan’s economy among large processing companies, fell to its lowest level in six quarters (since January-March 2021) in July-September. The value of the indicator fell to 8 points from 9 points in the second quarter of this year, the Bank of Japan said. The positive value of the index means that the percentage of respondents who believe the business environment is favorable was higher than the share of those who do not think so.

Analysts on average had forecast an increase in the index to 11 points last quarter, according to surveys by Quick and Trading Economics. The index declined for the third straight quarter. This reflects, among other things, the rising costs of businesses, the falling yen, as well as restrictions imposed by China due to COVID-19. All of this is affecting Asian stock markets today. 

Hong Kong’s Hang Seng lost 1.8%. It is at its lowest level in eleven years. Australia’s S&P/ASX 200 is down 0.3% since the market opened.

Earlier we reported that European stocks are rising on record inflation in the eurozone.