Asia stocks blended; mainland China markets leap as they return from vacations

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Asia stocks mixed; mainland China markets jump as they return from holidays

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SINGAPORE– Shares in Asia-Pacific were blended on Monday, with mainland China markets increasing as they resumed following the Lunar New Year vacations recently.

The Shanghai composite leapt 2.03% to close at 3,42958 while the Shenzhen part got 0.965% to 13,45665 Hong Kong’s Hang Seng index slipped about 0.2%, since its last hour of trading.

In Japan, the Nikkei 225 dipped 0.7% to complete the trading day at 27,24887 while the Topix index decreased 0.24% to 1,92599 South Korea’s Kospi shed 0.19% to close at 2,74506

Elsewhere, the S&P/ ASX 200 in Australia fell 0.13% on the day to 7,11080 Shares of airline company Qantas Airways, nevertheless, rose 4.62% after Australia on Monday revealed it will resume its borders to immunized tourists this month.

MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.16%.

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Currencies and oil

The U.S. dollar index, which tracks the greenback versus a basket of its peers, was at 95.524 after its current decrease from above 95.9.

The Japanese yen traded at 115.25 per dollar, following recently’s weakening from levels listed below 114.4 versus the greenback. The Australian dollar was at $0.7092, off levels above $0.714 seen recently.

Oil costs were lower in the afternoon of Asia trading hours, with global criteria Brent unrefined futures down 0.08% to $9320 per barrel. U.S. unrefined futures slipped 0.55% to $9180 per barrel.