SINGAPORE – Shares of Asia rose on Monday morning as the final trading week of 2020 began.
The broadest index of MSCI’s Asia-Pacific shares traded up 0.18% outside Japan.
Profits of Chinese industrial companies rose 15.5% in November, according to data released over the weekend by the country’s industrial companies.
Meanwhile, shares of Alibaba in Hong Kong will be monitored by investors on Monday. It comes after Chinese regulators ordered an ant team affiliated with Alibaba Fix its businesses.
Markets in Australia and New Zealand are closed on Monday for the holidays.
Government faces government shutdown over President Donald Trump’s refusal to sign on to corona virus developments Billion 900 billion Govt-19 relief bill, Passed by both chambers of Congress. Trump has criticized the bill’s direct payment of $ 600 to Americans, instead demanding $ 2,000 in checks.
The US Dollar Index, Which monitors the greenback against the basket of its peers, has dropped to 90.199 from its recent high of 90.4.
The Japanese Yen The dollar traded at 103.54 against the dollar last week after falling below 103.4 against the greenback. The Australian dollar The stock changed hands to 76 0.7613 after recovering from a fall below 75 0.75 last week.
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