Asian Stocks Mixed Ahead of China, India Data; US Markets Rebound After Fed Worries
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Stocks in Asia-Pacific were mixed on Monday ahead of key economic data from China and India this week. Hong Kong's Hang Seng index fell 1.45%.
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On Friday, U.S. stocks rose slightly but logged a losing week amid worries about more Fed rate hikes. The S&P 500 snapped a 3-day losing streak.
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Bullish sentiment among retail investors jumped to 42% in the latest American Association of Individual Investors survey, a 4-week high.
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JPMorgan trimmed its price target for Apple ahead of the iPhone 15 launch next week, citing low investor expectations.
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Energy stocks outperformed on Friday as oil prices rose. Treasury yields declined as investors considered the interest rate path.