SINGAPORE – Asia Pacific stocks fell on Monday and major markets in China and Japan were closed for holidays.
In Hong Kong, the Hang Seng index was among the region’s biggest losers as it fell 1.28% to end its trading day at 28,357.54.The Taiex in Taiwan also fell 1.96% to close at 17,222.35.
South Korea’s Kospi lost 0.66% to close at 3,127.20. In Australia, the S & P / ASX 200 ended the trading day a little higher at 7,028.80.
The broadest MSCI index for stocks in Asia Pacific outside Japan fell 0.72%.
Asia Pacific investors continued to monitor the Covid situation in India as the country continues to battle a deadly second wave of infections. Over the weekend for the first time more than 400,000 new cases were registered every day.
The markets in China, Japan and Thailand were closed on Monday for public holidays.
Currencies and oil
The US dollar index, which tracks the greenback versus a basket of its peers, stood at 91.241 after rising below 90.9 late last month.
The Japanese yen was trading at 109.68 per dollar, weaker than below 108.5 against the greenback last week. The Australian dollar changed hands at $ 0.772 after falling above $ 0.776 in late April.
Oil prices barely changed during the afternoon trading hours in Asia. The international reference Brent crude oil futures were below the flatline and quoted at USD 66.74 per barrel. US crude oil futures hovered above the flatline, trading at $ 63.60 a barrel.