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Asia shares mixed on geopolitical risks, weak global data

Asian equity markets ended mixed on Monday due to geopolitical tensions and weak economic data from the world's two largest economies.

The U.S. added 209,000 jobs last month, below expectations for 233,000, while the jobless rate rose to 6.2 percent from 6.1 percent, which saw the S&P 500 post its worst weekly loss since June 2012. Meanwhile, data over the weekend showed growth in China's services sector hit a six-month low in July.

Meanwhile, Israel declared a humanitarian truce for most of the Gaza Strip for seven hours on Monday after attacking another United Nations-run school over the weekend, which prompted another outpouring of condemnation against Tel Aviv.

But news that Portugal's central bank will spend $6.6 billion to rescue troubled Banco Espirito Santo (BES) and split it into a 'good' and 'bad' bank helped to boost sentiment in Asia.

Read MoreAsia this week:Central banks, China trade

Symbol
Name
Price
 
Change
%Change
NIKKEI
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HSI
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ASX 200
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SHANGHAI
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KOSPI
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CNBC 100
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Nikkei slips 0.3%

Japanese shares finished at a more than one-week low, extending losses for a third straight day.

Read MoreIs the BOJ asleep at the wheel?

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Index heavyweight SoftBank tumbled nearly 4 percent on reports that the Federal Communications Commission may ban wireless firms from making joint bids at next year's spectrum auction.

E-commerce giant Rakuten eased over 2 percent before reporting earnings after the market close.

China shares higher

Shanghai stocks rallied 1.7 percent to their highest levels since December after a spokesman for the China Securities Regulatory Commission (CSRC) attributed the equity rally to better economic performance and market liquidity.

Brokerages outperformed with Citic Securities and Haitong Securities 6 and 4 percent higher, respectively.

Read MoreChart of the day: China 'tiger' hunt heats up

Meanwhile, Hong Kong's Hang Seng Index inched up 0.2 percent. HSBC dipped 0.4 percent ahead of reporting interim earnings later in the day.

ASX down 0.3%

Australia's benchmark S&P ASX 200 index ended at a two-week low, extending losses after losing more than 1 percent last week.

Horizon Oil slumped 7 percent after its merger target Roc Oil accepted a takeover offer from China's Fosun International. Roc shares surged 7 percent.

Treasury Wine Estates jumped over 4 percent on news that it received a revised conditional takeover bid from private equity firm Kohlberg Kravis Roberts & Co (KKR).

Read MoreAwild card in Fed's rate hike timing

Kospi up 0.3%

South Korean shares ended higher following a choppy session thanks to solid gains in blue-chip stocks.

Samsung Electronics rose 2 percent despite news that it being sued by Microsoft after the South Korean tech giant threatened to stop paying royalties for use of the Android system.

Nifty up 1%

Indian shares broke a two-day losing streak ahead of the central bank's policy decision on Tuesday and finished the session higher by 1.07 percent.

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