Asian stock markets were mixed on Monday morning, with concerns raised by a strong U.S. jobs report on Friday about the timing of the Federal Reserve’s interest rate cuts. Japan’s stock market saw slight growth, as better-than-expected GDP figures boosted investor confidence. The Nikkei index was up 0.57 percent, and the broader Topix index was up 0.72 percent. Meanwhile, markets in China, Hong Kong, Taiwan, and Australia remained closed for market holidays.
In South Korea, the Kospi index fell 0.38 percent on Monday morning, while the PSEi index in the Philippines also declined by 0.76 percent. In India, however, investor sentiment improved after the formation of a new government last week, with the Nifty 50 index gaining 0.25 percent on Monday morning. Investors are eagerly awaiting this week’s Federal Reserve interest rate meeting and other upcoming economic indicators such as U.S.-German consumer price indices set to be published on Wednesday
