China returns from New Year, CSI 300, New Zealand trade, Fed meeting

Visitors walk along the central street of Taipa Village in Macau, China, Wednesday, Jan. 25, 2023. Tourism and spending are reviving in Macau as the Lunar New Year holiday spurred a surge in visitors after pandemic travel restrictions were eased between the territory and mainland China.

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Shares in the Asia-Pacific region were mixed on Monday as markets in mainland China jumped as trading resumed after a week-long New Year break.

Chinese stocks are headed for a bull market The CSI 300, which tracks the continent’s largest listed stocks, has gained about 20% since its most recent lows seen in late October last year.

The Component Shenzhen rose 1.4%, leading gains in the broader region. The Shanghai Composite rose 0.55% while in Hong Kong Hang Seng Index traded 0.9% lower.

In Japan, Nikkei 225 rose 0.33% while the Topix also gained 0.14%. of South Korea Kospi fell 1.2%, while the Kosdaq lost 0.26%.

The S&P/ASX 200 in Australia it was slightly below the flat line. Investors also digested trade data from New Zealand.

Wall Street stocks ended the week last friday higher, fueled by gains in Tesla shares and better than expected GDP report in Thursday. All major averages posted a positive week and are on pace for a month of gains.

— CNBC’s Samantha Subin, Carmen Reinicke contributed to this report

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