Asian Equities Start the Week Mixed

Asian markets kicked off a brand new week mixed as sliding oil prices offset a modestly positive lead from Wall Street. Softer-than-estimated factory output data from Japan, released before market open, also damped trading sentiment.

U.S. stocks snapped a four-day losing streak to settle mildly higher on Friday. The Dow Jones Industrial Average and the S&P 500 closed up 0.2 percent, while the Nasdaq Composite finished 0.6 percent higher.

Japan’s Nikkei 225 edged down in early trade following data that showed a worse-than-expected drop in February’s industrial production. The 3.4 percent drop from the previous month marked the biggest drop since June last year, compared with expectations for a 1.8 percent decline and a 3.7 percent gain in January.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.