Asian markets gained on Monday as investors anticipated clues on the
direction of monetary policy from central banks later in the week.
South Korea's benchmark Kospi index rose 0.93%, with technology stocks driving broader gains on the index: Samsung Electronics was up 2.1% and SK Hynix rose 3.11%. Automakers and manufacturing stocks were mixed.
Down Under, the S&P/ASX 200 tacked on 0.58%. The heavily-weighted financials sub-index was up 0.99%. The energy and industrials sub-indexes made moderate gains.
Greater China markets were also positive. The Hang Seng Index rose 0.85%. On the mainland, the Shanghai Composite rose 0.25% and the Shenzhen Composite added 0.244%.
South Korea's benchmark Kospi index rose 0.93%, with technology stocks driving broader gains on the index: Samsung Electronics was up 2.1% and SK Hynix rose 3.11%. Automakers and manufacturing stocks were mixed.
Down Under, the S&P/ASX 200 tacked on 0.58%. The heavily-weighted financials sub-index was up 0.99%. The energy and industrials sub-indexes made moderate gains.
Greater China markets were also positive. The Hang Seng Index rose 0.85%. On the mainland, the Shanghai Composite rose 0.25% and the Shenzhen Composite added 0.244%.
The dollar index, which tracks the greenback against a basket of rival
currencies, was mostly flat at 91.893 at 9:55 a.m. HK/SIN. The US
currency firmed against the yen to trade at 111.19, above the 110-handle
seen for most of last week.
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