SINGAPORE– Shares in Asia were blended on Monday as trading in 2022 started, with some significant markets in the area closed.
Hong Kong’s Hang Seng index shed earlier gains closed 0.53% lower at 23,27475
Trading in the shares and structured items of debt-ridden Chinese designer China Evergrande Group was stopped in Hong Kong on Monday, according to an exchange notification. No instant factor was provided for the stop.
Hong Kong- noted shares of Evergrande- associated companies were blended. China Evergrande New Energy Vehicle Group skyrocketed 10.8% while Evergrande Property Services slipped by 0.76%.
Other residential or commercial property stocks in Hong Kong mainly decreased, and shares of Country Garden Holdings fell 2.6% while Sunac plunged 9.51%. The wider Hang Seng Properties index fell more than 1%.
Meanwhile, shares of Chinese expert system company Sensetime skyrocketed 40.91% on Monday, after seeing a strong launching in Hong Kong recently.
Elsewhere, South Korea’s Kospi got 0.37% to close at 2,98877 while the Taiex in Taiwan advanced 0.28% on the day to 18,27051
In Southeast Asia, the Straits Times index in Singapore climbed up about 0.4%, since about 4: 30 p.m. regional time.
MSCI’s broadest index of Asia-Pacific shares outside Japan increased partially by 0.08%.
Markets in Australia, mainland China and Japan were closed on Monday for a vacation.
Oil leaps more than 1%
Oil costs were greater in the afternoon of Asia trading hours, with worldwide standard Brent unrefined futures up 1.35% to $7883 per barrel. U.S. unrefined futures got 1.28% to $7616 per barrel.
The U.S. dollar index, which tracks the greenback versus a basket of its peers, was at 95.898 after just recently falling from levels above 95.7.
The Japanese yen traded at 115.28 per dollar, weaker than levels listed below 114.6 seen versus the greenback recently. The Australian dollar was at $0.7258, still more powerful than levels seen in the previous trading week.
