A person walks past the Tokyo Stock Exchange (TSE) operated by Japan Exchange Group Inc. (JPX) on Monday, November 30, 2020, in Tokyo, Japan.
Toru Hanai | Bloomberg via Getty Images
SINGAPORE – Shares in Asia-Pacific traded higher on Monday as investors gauged inflation and fears of a recession.
of japan Nikkei 225 It jumped about 1% in early trading, while Topix rose 0.94%.
in Australia, S&P/ASX 200 Advanced 0.41%.
kospi South Korea was up 0.91% and the Kodak 1.28%.
MSCI’s broadest index of Asia-Pacific shares rose 0.28%.
Russia defaulted on foreign currency sovereign debt for the first time in more than 100 years, Bloomberg reported. The foreign reserves of the country’s central bank have accumulated.
In company news, Trip.com The market is set to report its first quarter financial results in the US on Monday after closing.
Later this week, China and Japan will report the Purchasing Managers’ Index data, while Hong Kong will celebrate the 25th anniversary of their handover. president of china Xi Jinping Hoping to visit Hong Kong on this occasion, State media Xinhua reported over the weekend.
currencies and oil
US Dollar Indexwho tracks the greenback against a basket of his teammates, was at 103.980.
Japanese yen traded at 135.09 per dollar, and Australian Dollar was at $0.6951.
Oil futures in Asia declined in early trade on Monday. US crude fell 1.25% to $106.27 a barrel, while the international benchmark crude oil slipped 1.1% to $111.88 a barrel.