Electronic screens display gongs at the Exchange Square complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Tuesday, March 15, 2022.
Paul Young | Bloomberg | Getty Images
Japan's Nikkei 225 index hit a new high on Monday as traders returned from a long weekend, while Chinese markets snapped a nine-day winning streak.
the Nikki It ended trading 0.4% higher at 39,233.71 points, comfortably above the previous record closing level of 39,098.68 points. The index surpassed its all-time high set in 1989 at 38,915.87 on Thursday. The broader Topix index rose 0.5 percent to 2,673.62 points.
By contrast, the strong rally in Chinese stocks stalled, with the CSI 300 falling 1.04% to close at 3,453.36.
South Korea's financial regulator unveiled new measures to improve corporate governance on Monday, taking a leaf from Japan's playbook to help boost its undervalued markets and tackle the “Korean discount.”
But these measures did little to boost its main index during the day. the Cosby The Kosdaq closed 0.8% lower at 2,647.08, while the small-cap Kosdaq fell 0.1% to 867.40.
Investors are awaiting a series of expected economic data this week including China's manufacturing PMI and US personal consumption expenditures price index data, the Fed's preferred measure of inflation.
Wall Street's major indexes hit record highs on Friday as investors ended the week on an upbeat note.
the Standard & Poor's 500 The index rose 0.03% to close at 5,088.8, surpassing the 5,100 level for the first time earlier in the session.
the Dow Jones Industrial Average It added 0.16% at the close, also reaching a new record closing high. the Nasdaq Composite It closed 0.28% lower but hit a new all-time high earlier in the session.
CNBC's Pia Singh and Brian Evans contributed to this report.
