Stocks in Asia-Pacific mostly advanced in Monday morning trade, as investors monitor the Chinese yuan’s movements.
Mainland Chinese stocks were among the biggest gainers regionally, with the Shanghai composite up 1.13% while the Shenzhen component jumped 1.356%. Hong Kong’s Hang Seng index also surged 1.56% while shares of Chinese tech juggernaut Tencent soared more than 2%.
South Korea’s Kospi rose 0.62% as shares returned to trade following a Friday holiday.
Meanwhile, shares in Australia were higher, with the S&P/ASX 200 up 0.24%. In Japan, the Nikkei 225 bucked the trend and slipped 0.16% while the Topix index shed 0.13%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.75% higher.