Asian Shares Mixed Ahead of Key US Economic Data Releases

Asian markets showed mixed results as trading began on Monday, with investors anticipating crucial U.S. economic reports later in the week. While some Asian markets saw gains, fueled by tech sector optimism and positive earnings reports, others remained closed for holidays. Last week`s market volatility, initially driven by U.S. economic slowdown fears, subsided as major U.S. companies exceeded profit expectations. This week`s focus shifts to U.S. economic data, including inflation, retail sales, and unemployment figures, which will provide further insight into the economy`s health. Strong inflation data coupled with weak economic indicators could potentially reignite market concerns. Despite recent setbacks, the influence of AI on tech giants continues to be a significant market factor this year.