SINGAPORE — Stocks in Asia-Pacific rose in trading Monday morning as investors look ahead to Hong Kong’s opening after the Hang Seng index plunged into a bear market last week.
Japan’s Nikkei 225 rose 0.99% in early trading, while the Topix index rose 1.29%.
The South Korean Kospi won 0.78%. In Australia, the S&P/ASX 200 closed 0.31% higher.
MSCI’s broadest index of Asia-Pacific stocks outside of Japan was up 0.23%.
Investors will watch as the Hong Kong market opens at 9:30 a.m. HK/SIN after heavy losses last week left the Hang Seng index more than 20% lower than its mid-February high as regulatory uncertainty affects the outlook for Chinese tech companies. continues to cloud.
Other factors that could weigh on investor sentiment include concerns about the potential withdrawal of monetary stimulus by the US Federal Reserve and the continued spread of the delta variant of Covid-19.
Currencies and Oil
The US dollar index, which tracks the greenback against a basket of its peers, stood at 93.485 after its recent climb from below 93.2.
The Japanese yen was trading at 109.85, stronger than the levels above 110 seen against the greenback last week. The Australian dollar stood at $0.7142 after falling from above $0.729 last week.
Oil prices were higher in the morning of trading hours in Asia, with the international benchmark Brent oil futures rising 0.6% to $65.57 a barrel. US crude oil futures rose 0.48% to $62.44 a barrel.