Asia-Pacific markets trade mixed on Monday, dampened by disappointing PMI data from China. Investors also remain cautious about the potential impact of Trump’s tariff policies, with attention also on the Federal Reserve’s decision this week.

Asian stocks showed mixed performance in light trading Thursday, with several markets closed for the Lunar New Year. The U.S. dollar remained steady after the Federal Reserve kept interest rates unchanged,

Asia-Pacific markets rose on Thursday despite a sharp decline on Wall Street the previous day as investors reassessed the Fed's policy outlook after its widely expected decision to hold rates steady and acknowledged that inflation remains "somewhat elevated.