- Shares in the Asia-Pacific were mixed on Monday following the stellar U.S. jobs report on Friday.
- SoftBank shares were 0.74% higher ahead of Monday's earnings announcement, where the tech company's Vision Fund posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter.
- Over the weekend, China reported trade data for July that showed dollar-denominated exports grew 18% compared to a year ago.
SINGAPORE — Tech stocks in Hong Kong pulled the broader index lower on Monday as Asia markets traded mixed. SoftBank reported earnings after the market close in Japan.
Hong Kong's Cathay Pacific jumped 1.42% after authorities announced that hotel quarantine for travelers would be reduced to three days from seven days, though there would be a four-day surveillance period after the quarantine.
In Australia, the S&P/ASX 200 closed mildly higher at 7,020.6.
The Nikkei 225 in Japan was up 0.26% at 28,249.24, while the Topix index was 0.22% higher at 1,951.41.
SoftBank shares were 0.74% higher ahead of Monday's earnings announcement, where the tech company's Vision Fund posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter.
The tech giant's overall net loss for the quarter was 3.16 trillion yen, compared to a 761.5 billion yen profit a year ago.
South Korea's Kospi was slightly higher at 2,493.1 and the Kosdaq shed 0.09% to 830.86.
Chipmaker SK Hynix slipped 2.23% on Monday after the Korea Herald reported that a South Korean city, Yeoju, wants more compensation in exchange for letting the company build pipes to transport huge amounts of water to its plant in a different city.
Over the weekend, China reported trade data for July that showed dollar-denominated exports grew 18% compared to a year ago.
That's the fastest pace of growth this year and beat analysts' expectations for a 15% increase, Reuters reported.
China's dollar-denominated imports increased 2.3% in July compared to the same period in 2021, lower than the expected 3.7% gain.
MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.39%.
On Friday in the U.S., nonfarm payrolls came in at 528,000, far above expectations. Treasury yields rose strongly as traders adjusted their forecasts for Fed rates higher.
"Binary risks between policy-induced recession and run-away inflation continues to grow; imposing much higher dangers of policy miscalculations," Vishnu Varathan, head of economics and strategy at Mizuho Bank, wrote in a Monday note.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 106.611 after a sharp jump following the payrolls data release.
— CNBC's Arjun Kharpal contributed to this report.