SINGAPORE — Asia-Pacific shares were volatile in Monday morning trading. meanwhile Official data showed China’s industrial profits in May slowed.
Mainland Chinese stocks were higher in early trading. The Shanghai composite rose 0.13%, while the Shenzhen component gained 0.298 percent.
Data released on Sunday by China’s National Bureau of Statistics. It shows that the profits of Chinese industrial companies rose 36.4% in May. compared to the previous year That̵7;s a slowdown from 57% year-on-year growth in April.
Elsewhere, Japan’s Nikkei 225 fell about 0.1% in early trading, while South Korea’s Topix was up 0.11%. South Korea’s Kospi sits below the flatline.
Australian stocks fell as the S&P/ASX 200 fell 0.32%.
MSCI’s widest Asia-Pacific index outside Japan is trading 0.15% below.
Trading temporarily paused in Hong Kong.
The Hong Kong Stock Exchange and Clearing House announced Monday morning trading of both the stock and derivatives exchanges. This includes Stock Connect trading has been delayed due to thunderstorm warnings.
“If the thunderstorm warning is canceled at or before 12:00 p.m., core HKEX securities and derivatives products (including Stock Connect trading) will resume trading in the afternoon,” HKEX said in a press release. “If a thunderstorm warning continues to be issued at 12 noon, the entire trading session (including Stock Connect trading) of the day will be cancelled.”
A thunderstorm is a warning sign of heavy rain that can cause flooding on roads. leading to traffic congestion
currency and oil
US dollar index It tracks the dollar against a basket of other companies at 91.805 after a decline earlier this month from the higher 92.1 level.
The Japanese yen is trading at 110.70 against the dollar after falling last week from 110.4 below the dollar. The Australian dollar changed hands at $0.7585 after rising last week from below $0.56.
Oil prices rose in the morning of Asian trading hours. The price of international benchmark Brent crude oil rose 0.37% to $76.46 a barrel. US crude futures rose 0.35% to $74.31 a barrel.