Investing.com - Asia-Pacific indices opened with positive performances on Monday, after the S&P 500 edged closer to a new all-time high during Friday's session.
By 12:00 pm AEDT (1:00 am GMT) the S&P/ASX 200, KOSPI 200, and Nikkei 225 added 0.1%, 0.6% and 0.5% respectively.
The benchmark stock index ended Friday slightly higher, within 0.3% of a record high that has stood for more than two years. The tech-heavy Nasdaq Composite also added less than 0.1%. The Dow Jones Industrial Average declined 0.3%, or 118 points.
Investors offloaded airline stocks on Friday after Delta Air Lines Inc (NYSE:DAL) downgraded its outlook for this year's bottom line, citing geopolitical uncertainties, ongoing supply chain issues, and volatile energy prices. Despite beating Wall Street's fourth-quarter sales and profit expectations, Delta shares fell 9%.
Bank shares also had a mostly down day following earnings reports from four of the country's biggest lenders. Citigroup Inc (NYSE:C) swung to a loss in the fourth quarter and disclosed plans to cut 20,000 jobs. Its shares rose 1%.
Upgrade your trading decisions with InvestingPro+! Use discount code “INVPRODEAL” and receive an additional 10% off the InvestingPro+ bi-yearly subscription. Click here! and don't forget the discount code.
Chinese shares closed lower as deflation concerns deepened after official data showed domestic CPI fell for a third straight month in December.
Hong Kong shares ended lower amid deepening concerns of deflation in China. The Hang Seng Index fell 0.35% to 16244.58, taking the stock benchmark 1.8% lower for the week.
Japan's Nikkei Stock Average closed 1.5% higher at 35577.11, its fourth consecutive session gain and a fresh near 34-year high.
India's benchmark Sensex rose 1.2% to close at a record high of 72568.45 amid investor optimism spurred by solid 3Q FY 2024 results and earnings guidance from some of the country's major IT companies.
European markets rose, with defense and aerospace stock gains outweighing losses for airline and luxury-goods shares. The Stoxx Europe 600 rose 0.8% in closing trade, while the DAX and CAC 40 advanced around 1%.
The FTSE 100 closed up 0.6% Friday driven by defense and aerospace companies such as Rolls-Royce (LON:RR) and BAE Systems (LON:BAES) after heightened tensions in the Middle East.