China Gains in Return to Trading - InvestingChannel

China Gains in Return to Trading

Shares in Asia-Pacific were mixed on Monday, with mainland China markets rising as they reopened following the Lunar New Year holidays last week.

In Japan, the Nikkei 225 docked 191.12 points, or 0.7%, to 27,248.87.

The Japanese yen traded at 115.25 per U.S. dollar, following last week’s weakening from levels below 114.4 against the greenback.

Markets in Hong Kong inched higher 6.26 points to 24,579.55.

Investors continued to monitor the situation around Ukraine, with White House national security advisor Jake Sullivan warning Sunday that a Russian invasion could be imminent.

In Australia, shares of airline Qantas Airways, however, surged 4.6% after Australia on Monday announced it will reopen its borders to vaccinated travelers this month.

The Australian dollar was at $0.7092, off levels above $0.714 seen last week.

In other markets

In New Zealand, markets were shuttered for holiday.

In Shanghai, the CSI 300 returned from a week off to add 70.32 points, or 1.5%, to 4,634.09

In Singapore, the Straits Times index climbed 35.07 points, or 1.1%, to 3,366.48.

In Korea, the Kospi index dropped 5.2 points, or 0.2%, to 2,745.06

In Australia, the ASX 200 dipped 9.36 points, or 0.1%, to 7,110.85.