- Stocks in Asia took off on Monday in a flying start to the week.
- The U.S. dollar was strong, oil prices rose more than 1.70%, while Bitcoin on Sunday hit $50,000.
- The Hang Seng in Hong Kong recovered from its dip into bear market territory last week.
SYDNEY, NSW, Australia – Stocks in Asia took off on Monday in a flying start to the week. Major bourses all registered gains well in excess of one percent,
The U.S. dollar was strong, oil prices rose more than 1.70%, while Bitcoin on Sunday hit $50,000.
The Hang Seng in Hong Kong recovered from its dip into bear market territory last week.
In Japan, the Nikkei 225 did best, rising 480.99 points or 1.78 percent to close Monday at 27,494.24.
China’s Shanghai Composite advanced 49.80 points or 1.45 percent to 3,477.13.
The Australian All Ordinaries was less exuberant, adding 36.00 points or 0.47 percent to 7,761.10. Greater Sydney on Monday reported another 818 new Covid-19 cases for the previous 24-hour period, the third day of 800+ cases.
On foreign exchange markets, the U.S. dollar continued to be bought up. The euro hovered around 1.1709 at the Sydney close. The British pound softened to 1.3641. The Japanese yen was weaker at 109.95. The Swiss franc was little changed at 0.9162.
The Canadian dollar inched up to 1.2771. The Australian dollar edged down to 0.7152. The New Zealand dollar was unwanted at 0.6835.
