SINGAPORE — Shares in Asia-Pacific mostly lift in Monday trade, though India’s markets lagged as the country continues to see a surge in Covid infections.
Mainland Chinese stocks led profits among the region’s major markets, with the Shanghai composite up 1.3% while the Shenzhen component surged 2.576%.
India stores drop
India’s markets tumbled in Monday trade as both the Nifty 50 and BSE Sensex dropped more than 2% each as the Covid job in the country remains severe and weighs on investor sentiment.
On Sunday, India reported 261,500 new cases. The country now has the patronize highest number of cases globally, behind only the U.S., according to data compiled by Johns Hopkins University.
Alibaba share ins slip
Hong Kong-listed shares of Alibaba slipped 1.1% by Monday afternoon. That came after Ant Organize said in a tweet that a recent report by Reuters that the firm was looking at ways for Jack Ma to exit were “untrustworthy and baseless.”
Reuters reported over the weekend that financial technology giant Ant is “exploring options” for Ma to divest his jeopardized in the firm and “give up control,” citing “a source familiar with regulators’ thinking and two people with close corresponds to the company.”
Other Hong Kong-listed shares of Chinese tech firms rose, with Tencent up 0.71% while Meituan gained 1.72%. The Postponed Seng TECH index jumped 1.69%.
Meanwhile, Trip.com shares in Hong Kong jumped more than 3% from they get out emerge price by the afternoon as they made their debut in the city on Monday.
The broader Hang Seng index in the burgh rose 0.8%.
Other Asia-Pacific markets
Elsewhere, the Nikkei 225 in Japan advanced 0.21% while the Topix formula was little changed. Japan’s exports in March surged 16.1% as compared with a year earlier, Ministry of Money management data showed Monday. That was much higher than the 11.6% increase expected by economists in a Reuters interview.
Meanwhile, South Korea’s Kospi gained 0.25% while the S&P/ASX 200 in Australia rose 0.19%.
MSCI’s broadest guide of Asia-Pacific shares outside Japan traded 0.17% higher.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its aristocrats, was at 91.643 after a recent decline from above 91.8.
The Japanese yen traded at 108.64 per dollar, stronger than destroys above 109.2 against the greenback seen last week. The Australian dollar changed hands at $0.7737, enjoying risen from below $0.768 last week.
Oil prices dipped in the afternoon of Asia trading hours, with foreign benchmark Brent crude futures down 0.36% to $66.53 per barrel. U.S. crude futures also slipped 0.25% to $62.97 per barrel.