THE MIRROR OF MEDIA

Asia-Pacific markets set for mixed start; Hong Kong’s Hang Seng in bear territory


SINGAPORE — Shares in Asia-Pacific appeared set for a blended begin on Monday, as traders look forward to the Hong Kong open after the Hang Seng index plunged right into a bear market final week.

Futures pointed to a better open for Japanese shares. The Nikkei futures contract in Chicago was at 27,270 whereas its counterpart in Osaka was at 27,240. That in contrast towards the Nikkei 225’s final shut at 27,013.25.

Australian shares, alternatively, appeared set to slide. The SPI futures contract was at 7,423.0, towards the S&P/ASX 200’s final shut at 7,460.90.

Inventory picks and investing tendencies from CNBC Professional:

Traders will monitor the Hong Kong market open at 9:30 a.m. HK/SIN, after heavy losses final week left the Hold Seng index greater than 20% decrease from its mid-February excessive as regulatory uncertainty continues to cloud the outlook for Chinese language expertise companies.

Different elements that would weigh on investor sentiment embrace considerations over the potential pullback of financial stimulus by the U.S. Federal Reserve in addition to the continued unfold of the delta Covid-19 variant.

Currencies

The U.S. dollar index, which tracks the dollar towards a basket of its friends, was at 93.487 after its latest climb from beneath 93.2.

The Japanese yen traded at 109.85, stronger than ranges above 110 seen towards the dollar final week. The Australian dollar was at $0.714, having declined final week from above $0.729.



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