Asia-Pacific markets traded in both directions on Monday as investors evaluated the growing friction between Japan and China after Beijing cautioned its nationals about traveling and studying in Japan.
The benchmark of Japan fell by 0.63 percent, and the Topix dropped by 0.44 percent after tourism-exposed stocks plunged.
Shiseido, a beauty and cosmetics company that is heavily dependent on Chinese spending, fell 11 percent.
The parent company of the Mitsukoshi and Isetan department-store chains, Isetan Mitsukoshi Holdings, had lost over 10 percent.
However, the Oriental Land, the operator of Tokyo Disney Resort, slipped by 4.74 percent. Shares of airline operator ANA Holdings declined 3.48 percent.
The economy of Japan also shrank by a smaller-than-anticipated 0.4 percent in the quarter ended in September, in comparison to the last quarter.
The Kospi of South Korea listed 1.78 percent, and the small-cap Kosdaq 0.68 percent. The Hang Seng index of Hong Kong fell 0.51 per cent, and the mainland CSI 300 was even flat. The benchmark of Australia, was S&P/ASX 200, was 0.26 percent down.
Later in the day, traders were keeping an eye on the third-quarter GDP in Thailand and the balance of trade in Singapore.
In the U.S., the Nasdaq Composite recovered last Friday, with investors purchasing shares of major technology companies a day following the group’s takeover of the triumph of Wall Street to the worst in more than a month.
Meanwhile, the Nasdaq, a technology-heavy index, rose 0.13 percent to close at 22,900.59, ending a three-day downward streak.
The S&P 500 ended close to the flatline, down only 0.05 percent. at 6,734.11, and the Dow Jones Industrial Average fell 309.74 points, or 0.65 percent, to close at 47,147.48.
The three indexes showed a huge recovery after being low in the early stages of the day, with the Nasdaq and S&P 500 being down by 1.9 percent and near 1.4 percent, respectively. The Dow had dropped by nearly 600 points or about 1.3 percent.
