Hong Kong, Taiwan lead losses as Asia-Pacific stocks slip

SINGAPORE — Stocks in Asia-Pacific slipped on Monday, with main markets in China and Japan closed for holidays.

In Hong Kong, the Hang Seng index was among the many greatest losers regionally as it fell 1.28% to complete its buying and selling day at 28,357.54. The Taiex in Taiwan additionally dropped 1.96% to shut at 17,222.35.

South Korea’s Kospi shed 0.66% to shut at 3,127.20. Over in Australia, the S&P/ASX 200 ended the buying and selling day barely increased at 7,028.80.

MSCI’s broadest index of Asia-Pacific shares outdoors Japan dipped 0.72%.

Investors in Asia-Pacific continued monitoring the Covid scenario in India as the nation continues to battle a lethal second wave of infections. Over the weekend, more than 400,000 daily new cases were registered for the first time.

Markets in China, Japan, and Thailand have been closed on Monday for holidays.

Currencies and oil

The U.S. dollar index, which tracks the buck in opposition to a basket of its friends, was at 91.241 after rising late final month from beneath 90.9.

The Japanese yen traded at 109.68 per greenback, weaker than ranges beneath 108.5 in opposition to the buck seen final week. The Australian dollar modified fingers at $0.772, following its tumble in late April from above $0.776.

Oil costs have been little modified within the afternoon of Asia buying and selling hours, with worldwide benchmark Brent crude futures beneath the flatline as they traded at $66.74 per barrel. U.S. crude futures hovered above the flatline, buying and selling at $63.60 per barrel.

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