SINGAPORE – Australia stocks rose in early trade on Monday as lockdown restrictions in the state of Victoria were loosened.
Shares of major miners Rio Tinto and Forrescue rose 0.4% to the S&P / ASX 200 and rose 1.43% and 3.3%, respectively.
Investors will monitor the shares of airlines in Hong Kong and Singapore, including Cathay Pacific and Singapore Airlines, after an anticipated air travel bubble between the two cities was delayed. Hong Kong has seen a recent increase in cases of coronovirus.
Markets are closed on holidays in Japan on Mondays.
The growth potential around coronovirus will continue to weigh on investor sentiment. South Korea is preparing to implement stricter regulations for the greater Seoul region and the Southwest region to attempt a revival of the coronovirus, according to Yonhap. Meanwhile, the US recently reported nearly 200,000 new virus cases less than a week before Thanksgiving.
The US Dollar Index, which tracks the greenback against a basket of its peers, was at 92.372 after a recent decline from the 92.372 level.
The Japanese yen was trading above 104.4 against the greenback last week at 103.83 per dollar. The Australian dollar changed hands at $ 0.7306 after turbulent trading last week, which saw it rise above $ 0.732 and below $ 0.729.
Here’s a look at the tap:
- Singapore: Consumer Price Index HK / SIN at 1 pm for October