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Asia-Pacific stocks mixed as investors watch Covid situation in India

SINGAPORE — Stocks in Asia-Pacific were mixed in Monday morning trade, with thinner trading volumes expected as major markets in China and Japan are closed for holidays.

South Korea’s Kospi rose 0.63% in morning trade. Over in Australia, the S&P/ASX 200 advanced 0.38%.

In Hong Kong, the Hang Seng index shed 1.17%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.31% lower.

Investors in Asia-Pacific will continue monitoring the Covid situation in India as the country continues to battle a deadly second wave of infections. Over the weekend, more than 400,000 daily new cases were registered for the first time.

Markets in China, Japan and Thailand are closed on Monday for holidays.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 91.221 after rising late last month from below 90.9.

The Japanese yen traded at 109.41 per dollar, weaker than levels below 108.5 against the greenback seen last week. The Australian dollar changed hands at $0.7726, following its tumble in late April from above $0.776.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.19% to $66.89 per barrel. U.S. crude futures also gained 0.27% to $63.75 per barrel.

Read More: Asia-Pacific stocks mixed as investors watch Covid situation in India

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