China returns from New Year, CSI 300, New Zealand trade, Fed meeting

Visitors line the central street of Taipa Village in Macau, China, on Wednesday, January 25, 2023. Tourism and spending rebound in Macau as the Lunar New Year holiday spurred a surge in visitors after the easing of pandemic travel restrictions between the province and mainland China.

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Stocks in the Asia-Pacific region traded mixed on Monday before mainland Chinese markets resumed trading after a week-long New Year holidays.

Chinese domestic stocks are preparing to enter a bull market - The CSI 300 index, which tracks the largest stocks listed on the mainland, is up more than 19% from its recent lows seen at the end of October last year.

in Japan , Nikkei 225 index Topix rose 0.2% and Topix rose 0.03%. South Korea Cosby The KOSDAQ fell by 0.24% while the KOSDAQ rose by 0.28%.

the S&P/ASX 200 In Australia it fell 0.12%. Investors also digested trade data from New Zealand.

Stocks on Wall Street ended the week higher last Friday, helped by gains in Tesla shares and a better-than-expected GDP report on Thursday. All major averages posted a positive week and are on track for a month of gains.

— CNBC’s Samantha Sobin, Carmen Renick, contributed to this report