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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 [1]

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