Asia Mixed as India COVID Numbers Cause Worry - InvestingChannel News

Asia Mixed as India COVID Numbers Cause Worry

Shares in major Asia-Pacific markets were mixed on Monday as investors continued to watch the COVID situation in India.

The Nikkei 225 regained 105.6 points, or 0.4%, to 29,126.23.

The Japanese yen traded at 107.75 per U.S. dollar, weaker than levels around 107.5 against the greenback seen late last week.

In Hong Kong, the Hang Seng index dropped 125.92 points, or 0.4%, to 28,952.83.

The Australian dollar changed hands at $0.7778, against an earlier low of $0.7732.

The COVID situation in India remains severe as the country continues to battle a startling rise in new coronavirus infections. On Monday, more than 350,000 new daily infections were registered.

The Biden administration has said it will immediately make raw materials needed for India’s coronavirus vaccine production available. The U.S. response comes after Britain, France and Germany also pledged aid to India over the weekend.

In other markets

In Shanghai, the CSI 300 lost 58.21 points, or 1.1%, to 5,077.24

In Singapore, the Straits Times index added 10.86 points, or 0.3%, to 3,204.90.

In Korea, the Kospi index gained 31.43 points, or 1%, to 3,217.53.

In Taiwan, the Taiex index zoomed 272.02 points, or 1.6%, to 17,572.29

In Australia, the ASX 200 slipped 15.15 points, or 0.2%, to 7,045.56.

Markets in New Zealand were closed for ANZAC Day