Asian stocks are mixed after Wall Street snapped out of a spell of holiday season blues, with markets in Tokyo and China declining. Japan’s finance minister rang in the New Year as Tokyo’s market resumed trading after the long traditional holiday,

U.S. stock indexes are rising to recover more of the holiday-season slide that bridged the new year. The S&P 500 was 0.8% higher in early trading Monday and on track for a second straight gain following five straight losses.

Wall Street pointed higher before the opening bell on Monday, taking back some of its post-Christmas losses as markets prepare to kick off the first full trading week of 2025. Futures for the S&P 500 rose 0.