SINGAPORE — Hong Kong’s Hang Seng index led gains among the major Asia-Pacific markets on Monday as Chinese tech stocks in the city jumped.
In morning trade, the Hang Seng index gained about 1% as shares of Tencent surged 2.16%. Other Chinese tech stocks also rose, with Alibaba up 2.64% while NetEase soared 4.91%.
Markets in mainland China are closed on Monday and Tuesday this week for holidays.
The Nikkei 225 in Japan traded fractionally higher as shares of conglomerate SoftBank Group gained 3.76%. The Topix index climbed 0.16%.
South Korea’s Kospi dipped 0.33%.Elsewhere in Australia, the S&P/ASX 200 rose 0.43%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.4% higher.
Currencies and oil
The Japanese yen traded at 122.41 per dollar, stronger than levels above 124 seen against the greenback last week. The Australian dollar was at $0.7499, having traded in a range between $0.747 and $0.753 for much of last week.
Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.67% to $103.69 per barrel. U.S. crude futures slipped 0.59% to $98.68 per barrel.
— CNBC’s Patti Domm contributed to this report.
For all the latest World News Click Here
For the latest news and updates, follow us on Google News.
