Welcome to Markets Desk, let's get you caught up on what's moving across the Asia-Pacific this Monday morning.
Australian equities are nudging lower for a second straight session, with the S&P ASX two hundred slipping well below the eight thousand seven hundred fifty level. Mining stocks are leading the drag, reflecting the mixed tone out of Wall Street on Friday, and giving the index no clear catalyst to push higher.
Across the strait, Taiwan's exchange is sitting just beneath forty seven thousand three hundred seventy points after a remarkable three-session run that added nearly two thousand three hundred points, roughly five percent in gains. That kind of move in a short window almost always invites profit-taking, and analysts expect some of that pressure to surface as the session gets underway.
Meanwhile in mainland China, the Shanghai Composite is holding just above the three thousand nine hundred ten level, having clawed back ground after a four-session slide that cost it more than eighty five points. The recovery has been uneven, with two up days in three, and the broader read here is that the market remains rangebound without a fresh macro driver to break the pattern.
That's the tape. Markets Desk, signing off the floor.
