Asian markets mixed as investors digest Australia’s central bank minutes

chinese real estate developer China Evergrande Group posted heavy losses on its long-overdue results for 2021 and 2022.

The company posted a total net loss of 686.2 billion yuan (95.68 billion U.S. dollars) in 2021 and a total net loss of 125.8 billion in 2022.

By 2022, the most losses they were due to losses related to the return of land, losses due to impairment of financial assets and other non-operating losses, which amounted to 69.37 billion yuan.

Evergrande’s total liabilities amounted to 2.35 trillion yuan last year, up 23% compared to 2020while its total assets stood at 1.8 trillion yuan, 20% less than two years ago.

—Lim Hui Jie

European semiconductor stocks will face a “tough quarter” thanks to a “volatile earnings season” starting this week, according to Barclays.

The investment bank laid out key earnings expectations for ASML, Nokia, STMicro and Infineon, and its medium-term outlook for chip stocks.

CNBC Pro subscribers can read more here.

—Ganesh Rao

He iShares Expanded Tech Software Sector ETF added 1.2% on Monday, hitting a new 52-week high.

The ETF, which has focused on exposure to software, interactive media and related companies, has gained nearly 42% in 2023. Meanwhile, the VanEck Semiconductor ETF it also gained more than 1% as of Monday afternoon, amid a 56.3% rally so far this year.

The S&P 500 rose a modest 0.3% on Monday morning, but 43 components of the broad market index hit new 52-week highs, including some hitting their highest levels in decades.

Booking Holdings jumped to a high of $2,938.38, reaching all-time highs dating back to the initial public offering of travel shares in 1999.

Cintas hit all-time highs since its debut in 1983. The corporate uniform vendor topped out at $503.70. Cintas posted a breakthrough late last week, with fiscal fourth-quarter earnings of $3.33 a share on revenue of $2.28 billion.

Pest control giant Rollins hit a high of $44.78, an all-time high since it went public on the New York Stock Exchange in 1968.

–Darla Mercado, Chris Hayes

Details are beginning to leak out about the rebalancing of the Nasdaq 100, which will go into effect on July 24.

According to Goldman Sachs, nvidia and Microsoft are the stocks that will experience the largest downward adjustments as part of the rebalancing, and Apple it will be the largest stock in the group, but with a lower weighting than it currently has.

Read more about him Index changes and potential impact on stocks on CNBC Pro.

—Jesse Pound

Manufacturing activity in the New York areas came to a near halt in July, with almost as many businesses reporting expansion as contraction.

The New York Federal Reserve’s Empire State Manufacturing Survey fell 6 points to a reading of 1.1, representing the difference between companies seeing growth versus contraction. Wall Street had been looking for a reading of zero, according to Dow Jones.

New orders were little changed at 3.3, while shipments fell 8.6 points and inventories dipped 4.8 points to a reading of -10.8. There was good news on inflation, with the indices of prices paid and received falling more than 5 points.

—Jeff Cox