Stocks Mostly Gain Monday

Stocks in Asia-Pacific were mostly higher on Monday, as investors continued to watch developments surrounding China Evergrande Group.

In Japan, the Nikkei 225 docked 8.75 to 30,240.06, with shares of Fast Retailing picking up 1.5%, and Softbank Group gaining 2.8%.

The Hang Seng regained 16.62 points, or 0.1%, to 24,208.78.

The Wall Street Journal reported Thursday that Chinese authorities have told local officials to prepare for a potential demise of Evergrande. Uncertainty also remains around whether Evergrande will pay the interest that was due Thursday on a dollar-denominated bond.

In other markets

In China, the CSI 300 moved forward 27.94 points or 0.6%, to 4,877.37

In Korea, the Kospi restocked 8.4 points, or 0.3%, to 3,133.64.

In Taiwan, the Taiex advanced 53.58 points, or 0.3%, to 17,313.77.

In Singapore, the Straits Times recovered 38.95 points, or 1.3%, to 3,100.30

In New Zealand, the NZX 50 shed 31.85 points, or 0.2%, to 13,227.70

In Australia, the ASX 200 jumped 41.55 points, or 0.6%, at 7,384.17