SINGAPORE – Shares in Asia rose Monday morning as the last trading week of 2020 began.
The MSCI Asia Pacific Index of stocks outside Japan rose 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, investors will watch Alibaba shares in Hong Kong 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.
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 fell in the morning of the Asian trading hours, with an international benchmark 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.