China Industrial Earnings in November, Alibaba shares in Hong Kong

China Industrial Earnings in November, Alibaba shares in Hong Kong

SINGAPORE – Shares in Asia rose Monday morning as the last trading week of 2020 began.

in Japan , Nikkei 225 index It is up 0.32% while the Topix advanced 0.27%. South Korea Cosby It rose 0.86%.

The MSCI Asia Pacific Index of shares outside of Japan traded 0.18%.

Profits at Chinese industrial firms in November rose 15.5% compared to the previous year, according to data released by the country’s National Bureau of Statistics over the weekend.

Meanwhile, Alibaba shares in Hong Kong will be monitored by investors on Monday. This comes after Chinese regulators ordered Alibaba’s Ant Group to do so Correct its actions.

Markets in Australia and New Zealand are closed on Mondays for holidays.

In light of the developments of the Corona virus, the United States faces an imminent government shutdown as President Donald Trump refused to sign the $ 900 billion Covid-19 relief bill It was passed by both houses of Congress. Trump criticized the $ 600 direct bill payments to Americans, calling instead for $ 2,000 checks.

Currencies and oil

The US dollar index, Which measures the greenback against a basket of other currencies, was at 90.199 after falling from levels above 90.4 in recent days.

The Japanese Yen Trading at 103.54 to the dollar after seeing levels lower than 103.4 against the dollar last week. The Australian dollars It was trading at $ 0.7613 after recovering from falling to levels below $ 0.75 last week.

Oil prices have fallen in the morning of the Asian trading hours, with the international standard Brent crude futures It fell 0.8% to $ 50.88 a barrel. US crude futures It also fell 0.81% to $ 47.84 a barrel.

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