SINGAPORE – Shares in Asia-Pacific rose in trading on Monday morning as investors wait for Hong Kong to open after the Hang Seng index plunged into a bearish market last week.
The Nikkei 225 in Japan rose 0.99% in early trading, while the Topix index jumped 1.29%.
Kospi, from South Korea, gained 0.78%. In Australia, the S & P / ASX 200 rose 0.31%.
MSCI’s broader Asia-Pacific stock index outside of Japan traded 0.23% higher.
Investors will monitor the Hong Kong market open at 9:30 a.m. HK / SIN, after last week’s heavy losses left the Hang Seng index more than 20% below the mid-February high, as that regulatory uncertainty continues to cloud the prospects of Chinese technology companies. .
Other factors that may influence investor sentiment include concerns about the possible decline in monetary stimulus by the US Federal Reserve, as well as the continued spread of the Covid-19 delta variant.
Coins and oils
The US dollar index, which tracks the greenback against a basket of its peers, stood at 93,485 after its recent rise below 93.2.
The Japanese yen was trading at 109.85, stronger than the levels above the 110 seen against the green dollar last week. The Australian dollar stood at $ 0.7142, after falling last week above $ 0.729.
Oil prices were higher in the morning of business hours in Asia, with an international benchmark future on Brent crude 0.6%, to $ 65.57 per barrel. US crude oil futures rose 0.48% to $ 62.44 a barrel.