SINGAPORE – Shares in Asia-Pacific rose mostly in Monday morning trading as investors look forward to the release of gains from Chinese giant Meituan.
In Japan, the Nikkei 225 advanced 0.2%, while the Topix index gained 0.57%. Kospi, from South Korea, traded up 0.32%.
Shares in mainland China rose as the Shanghai composite rose 0.21%, while the Shenzhen component stood above the flat line. Hong Kong’s Hang Seng index was up 0.28%.
The S & P / ASX 200 in Australia lagged behind in the wider region and fell 0.12%. That came after New South Wales, the country’s most populous state, reported a record one-day increase in new Covid-19 infections on Monday, according to Reuters.
MSCI’s broader Asia-Pacific stock index outside of Japan traded 0.43% higher.
Investors in the region will wait on Monday for the delivery of the profits of the Chinese food distribution giant Meituan.
According to the Wall Street Journal, in other Chinese technology developments, Beijing is studying new rules that would restrict domestic internet companies from going public in the United States.
Coins and oils
The US dollar index, which tracks the greenback against a basket of its peers, stood at 92.616 after a recent fall above 93.0.
The Japanese yen traded at 109.74 per dollar, weaker than the levels below 109.5 seen against the green dollar last week. The Australian dollar changed hands at $ 0.7316, after rising below $ 0.72 last week.
Oil prices were higher in the morning of business hours in Asia, with an international benchmark future on Brent crude 0.34%, to $ 72.95 per barrel. US crude oil futures rose fractionally to $ 68.78 a barrel.