SINGAPORE – Asia-Pacific markets were higher on Monday ahead of Australia and Malaysia central bank decisions this week.
The Nikkei 225 in Japan rose 1.09%, while the Topix index climbed 1.38%.
Over in Australia, the S & P / ASX 200 advanced 1.78%.
South Korea’s Kospi reversed earlier losses to trade 0.28% higher, and the Kosdaq was up 0.36%.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.41%.
Elsewhere in the region, exchange-traded funds will be included in the stock connect scheme that links Hong Kong and mainland China from Monday.
In company news, Chinese property developer Shimao missed the interest and principal payment of a $ 1 billion offshore bond. Other real estate companies have also missed interest payments or defaulted on their debt.
The US market is closed for a holiday Monday.
Looking ahead, results from a private survey on China’s services activity is due later this week, along with South Korean inflation data and several central bank decisions.
Last week, on the first day of the second half of the year, European stocks closed mixed, while markets stateside rallied. The first half of 2022 was marked by concern over inflation, rising interest rates and recession.
Currencies and oil
The US dollar index, which tracks the greenback against a basket of its peers, was at 104,995.
The Japanese yen traded at 135.08 per dollar, strengthening from levels as weak as 137 per dollar last week. The Australian dollar was at $ 0.6820 after recovering from below $ 0.679 recently.
Oil futures fell in Asia’s morning trade. US crude futures shed 0.35% to $ 108.05 per barrel, while Brent crude futures slipped 0.34% to $ 111.25.