Asian stocks mixed as investors mull G20 headlines

Asian equities were mixed on Monday as investors mulled headlines out of the G-20 finance ministers meeting in Germany at the weekend and China Development Forum over the next two days.

Finance ministers from twenty of the world’s biggest economies held a two-day meeting, and warned against competitive devaluations and disorderly FX markets but failed to agree on keeping global trade free and open.

South Korea’s Kospi dropped 0.52 percent. Earlier, official data showed that South Korea’s February producer prices rose at its fastest pace in over five years, with the producer price index (PPI) up at 4.2 percent, compared to January’s 3.9 percent.

Markets in Japan are shut. On Friday, Japan’s benchmark index fell 0.35 percent to close at 19,521.59.

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Asian stocks mixed as investors mull G20 headlines