Asia Little Changed - InvestingChannel

Asia Little Changed

Stocks in Asia-Pacific were muted on Monday, as Hong Kong saw a shorter trading day following a morning pause due to severe weather conditions.

In Japan, the Nikkei 225 docked 18.16 points, or 0.1%, to 29,048.02.

The Japanese yen traded at 110.68 per U.S. dollar after last week’s weakening from below 110.4 against the greenback.

In Hong Kong, the Hang Seng eased off 19.92 points, or 0.1%, to 29,268.30. Trading in Hong Kong’s markets resumed Monday afternoon in the city after an earlier severe weather warning was lowered.

Hong Kong Exchanges and Clearing announced earlier on Monday that the morning trading sessions of both the securities and derivatives markets, including Stock Connect trading, was delayed due to a black rainstorm warning.

The Australian dollar changed hands at $0.7583 after rising last week from below $0.756.

CHINA

In Shanghai, the CSI 300 added 11.79 points, or 0.2%, to 5,251.76.

Data released Sunday by China’s National Bureau of Statistics showed profits at China’s industrial firms rose 36.4% in May as compared with a year earlier. That was a slowdown from the 57% year-on-year growth posted in April.

In other markets

In Singapore, the Straits Times Index eked up 5.28 points, or 0.2% to 3,126.88

The Kospi index in Korea subtracted 0.95 points to 3,301.89.

In Taiwan, the Taiex index hiked 87.98 points, or 0.5%, to 17,590.97

In New Zealand, the NZX 50 doffed 22.34 points, or 0.2%, to 12,603.75

In Australia, the ASX 200 removed 0.76 points to 7,307.29.

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