SINGAPORE Stocks rose Monday morning as Asia-Pacific investors looked ahead to the Hong Kong opening after the Hang Seng index fell into a bearish market last week. In Japan, the Nikkei225 index rose 0.99% while the Topix index shot up 1.29% in early trade. South Korea's Kospi grew 0.78%. The S&P/ASX 200 was 0.3% higher in Australia. The MSCI's broadest index of Asia-Pacific shares, outside Japan, traded 0.23 percent higher.
After heavy losses last week, the Hang Seng index fell more than 20% from its mid-February peak. This is despite regulatory uncertainty continuing to cloud the outlook of Chinese technology companies. Investors will be watching the Hong Kong market open at 9:00 a.m. HK/SIN. Investor sentiment could also be affected by concerns about the U.S. Federal Reserve pulling back monetary stimulus and the spread of the delta Covid-19 derivative.
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