Asian Equities Mixed on Renewed Geopolitics

Asian equities traded mixed on Monday, taking cues from Wall Street’s uninspiring close last Friday and as China’s new home prices posted a consecutive third-month decline in July.

U.S. stocks ended the week mixed in below-average trade volume after news of fresh conflict in Eastern Europe. The Dow Jones Industrial Average lost 0.3 percent while the S&P 500 shaved losses to close little changed. The Nasdaq reversed declines to gain 0.3 percent last Friday.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose more than 8 percent to trade near 13.49. But the indicator was down 17 percent for the week, the largest weekly loss in 4 months.


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