Singapore – Australian shares rose more than 1% while Hong Kong and South Korea markets fell on Monday ahead of the decisions of the Reserve Bank of Australia and Malaysia this week.
The S & P / ASX 200 It rose 1.26%, with banking and retail stocks falling.
The markets of Japan and mainland China also rose.
The Nikkei 225 In Japan it trimmed its earlier gains to trade 0.54% higher, while Topix rose about 1%.
Hong Kong and South Korea shares fell.
The Hang Seng Index It closed on Friday and fell as much as 1.8% in early trading on Monday. The last drop was 0.59%.
Exchange-traded funds will be included in the equity link scheme linking Hong Kong and mainland China from Monday.
South Korea Cosby It initially struggled for direction and finally fell 0.91%, while the KOSDAQ index fell 1.92%.
MSCI’s broadest index of Asia Pacific shares outside Japan was down 0.13%.
In Southeast Asia, Indonesia’s Jakarta index is down 2.54%.
Dan Veneman, co-head of Asia Pacific equity strategy at Credit Suisse, said markets appear to have set appropriate prices for the amount of increases the Fed will come in, but “very high risks of a recession” mean markets are unlikely to rally. .
“I think the worst is behind us. We’ll probably stumble along the bottom, maybe a little more downside than here, but I think first-half difficulties won’t be repeated on the same scale in the second half,” he told CNN’s Street Signals in Asia. NBC on Monday.
The US dollar indexwhich measures the US currency against a basket of peers, was at 105,143.
“The possibility of a USD 75 basis point gain in the June and July meetings maintains USD strength in the near term, but we maintain our fundamental view that USD strength will weaken later in the year,” wrote Richard Yzinga, chief economist at ANZ. Monday note.
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