Asian stocks trade mixed ahead of a Big week

The stocks on most Asian bourses are seen recovering ground, after an early dip, as markets brace up for an eventful second-half of this week, with the Jackson hole symposium eagerly awaited.

The Japanese stocks turned positive as the yen continues to extend the drop against the US dollar, as BOJ Governor Kuroda’s dovish comments continue to weigh. While the Chinese equities ditch their Asian counterpart and keep losses amid weaker commodities’ prices, especially oil.

Furthermore, the moves appear restricted as a lack of fresh fundamental drivers keeps the traders in a lurch, and adds to the thin liquidity prevalent across the board.

The Japanese benchmark index, the Nikkei 225 trades +0.24% higher at 16,584. The Australian markets tread water, with the S&P/ASX 200 now up +0.07% at 5,531 points.

The Chinese equities buck the trend, with the benchmark Shanghai Composite index down -0.32%; the CSI300 index also loses -0.23%. While Hong Kong drops -0.53% to trade around 22,816 levels.