Investors are holding their breath ahead of key earnings results from tech giants including Amazon, Microsoft and Google parent Alphabet.BEIJING - Asian stocks were mixed on Monday following a muted finish on Wall Street last week, with investors holding their breath ahead of key earnings results from US tech behemoths.
Traders will also be looking for clues about the US Federal Reserve's next steps on interest rates, with swaps markets suggesting they anticipate a peak around the corner, followed by a series of cuts in the coming months. Tokyo was up on Monday, as was Wellington, while Taipei was relatively flat. Hong Kong, Shanghai, Sydney and Seoul were all down.
"A remarkably resilient US labour market, robust China data, and the lack of other crises from regional banks have all helped to keep stocks range-bound," he added.