Japan’s Nikkei 225 rises by almost 2% in Monday morning trade

SINGAPORE – Shares in Asia-Pacific were higher in Monday morning trade after the main indices on Wall Street set sail for record closing maxima last week.

Japanese equities led regional gains, with the Nikkei 225 gained 1.72% while the Topix index gained 1.7%. markets in Japan was closed on Thursday and Friday for vacation.

South Korea’s Kospi gained 0.1% higher. In Australia, the S & P / ASX 200 climbed 0.28%.

The broader MSCI index of Asia-Pacific shares outside Japan traded 0.04% higher.

On the economic data front, Singapore’s industrial production data for June are set to be out at 13:00 HK / SIN.

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On Friday, the Dow Jones Industrial Average closed above 35,000 for the first while the S&P 500 jumped 1.01% to 4,411.79 and the Nasdaq Composite gained 1.04% to 14,836.99. Friday moves upward saw all three major US indices a new closing maxima.

Currencies and oil

The United States dollar index, which follows the greenback against A basket of its peers, it was at 92,889 following a recent rebound from below 92.8.

The Japanese yen was trading at 110.51 per dollar, weaker than the levels below 110 visas against the greenback last week. The Australian dollar changed hands at $ 0.7363, above the levels below $ 0.732 visas last week.

Oil prices were higher in the morning of Asia trading hours, with international future on the reference Brent crude oil up 0.26% to 74.29 dollars a barrel. US crude oil futures rose 0.24% to $ 72.24 a barrel.

Here’s a look at what’s there on faucet:

  • Singapore: industrial production for June at 1pm HK / SIN

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