By Gina Lee

Investing.com – Asia Pacific stocks were mixed on Monday morning, with investors digesting the latest economic data from China and the .

China’s was down 0.29% by 10:02 PM ET (2:02 AM GMT) and the fell 0.71%. The October figure was 50.6. This is slightly more than 50 predicted by Investing.com.

The day before, the PMIs were published at 49.2 & 52.4, respectively.

China’s property sector is also in the spotlight, with at least four developers defaulting on bonds in October alone. China Evergrande Group (HK), avoided default two times by paying the overdue coupons in the very last moment.

Hong Kong’s slid 1.27%.

Japan’s jumped 2.39% and South Korea’s was up 0.45%.

Australia saw a gain of 0.52%.

In Japan, shares jumped more than 1% after Prime Minister Fumio Kishida’s Liberal Democratic Party preserved its outright majority in Sunday’s election. This unexpected result prevented the worst case scenario from happening and also opened the door to fiscal stimulus.

A variety of central banks will present their policy decisions over the course of the week. These include the on Tuesday, on Wednesday and on Thursday.

After their Friday collapse, Australian sovereign bonds were able to recover after the RBA decided not to defend its yield target. As inflationary pressures increased, short-term bond yields rose in Australia and Canada. Longer-maturity Treasury yields rose in the U.S.

Fixed-income volatility indicates that investors are expecting a slowdown of the economic recovery following COVID-19. This is because persistent inflation causes central banks to start asset tapering. Global shares remain at or near record highs.

“Having been bullish on equities it feels right to turn a touch more cautious this week,” Pepperstone Financial Pty head of research Chris Weston said in a note.

“Although, the fact that equities have held up so well considering the rapid re-pricing of interest rates is certainly a positive.”

The earnings season continues. Companies including Airbnb Inc. (NASDAQ:), Moderna Inc. Pfizer Inc. Toyota Motor (NYSE:) Corp. Uber Technologies Inc (NYSE:) will release their results throughout the week. The results will be released by (NYSE:) throughout the week.