SINGAPORE – Asia-Pacific shares were little changed in Monday morning trading, with trading expected to close in the coming days as major markets in China and Japan were closed for the weekend.
South Korea’s Kospi hovered above the flatline in early trading in Australia, the S & P / ASX 200 was banned.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.05 percent lower.
Asia-Pacific investors will continue to monitor the coronavirus in India as the country continues to fight a second wave of infection. Over the weekend, more than 400,000 new cases were enrolled per day for the first time.
Markets in China, Japan and Thailand are closed on Mondays for holidays.
Currency and oil
The U.S. dollar index, which tracks the dollar against a basket of competitors, stood at 91.231 after rising late last month from below 90.9.
The Japanese yen was trading at 109.37 to the dollar, weaker below 108.5 against the dollar last week. The Australian dollar changed hands at $ 0.7714 after falling in late April from above $ 0.776.
Oil prices rose early in the Asian trading hours, with international benchmark Brent crude oil futures up 0.27 percent to $ 66.94 a barrel. US crude futures also rose 0.3 percent to $ 63.77 a barrel.