Japan, South Korean stocks drop 1%; investors monitor bitcoin volatility

In Asia-Pacific, stocks dropped in early trade on Monday, while investors kept an eye on the price of the virtual currency. Oil prices went up during early trade.

The Topix was down 0.67% while the Nikkei fell 1.1%. The Kospi in South Korea dropped 1%.

The S&P/ASX 200 in Australia fell.

Outside of Japan, the broadest index of Asia-Pacific shares fell. The new omicron variant has caused turmoil in the stock market since last week.

Chinese technology giants Netease andJD will be added to the Hang Seng index in Hong Kong. The number of stocks in the main index has been increased.

Evergrande will be removed from the China Enterprises index.

In a filing with the Hong Kong exchange, Evergrande said it had received a demand to repay $260 million.

It said that if the Group is unable to meet its guarantee obligations, it may lead to creditor demands for accelerated repayment.

TICKER.

The company is

Name.

The price.

Change.

%CHANGE

.N225

The index is called the Nikkei 225.

*NIKKEI.

27844.87

184.7

0.66

.

The Hang Seng Index is a measure of the stock market.

*HSI.

23766.69 is a figure.

0

0

.AXJO.

The S&P/ASX 200 is a benchmark.

*ASX 200

7225.1

-16.1

-0.22

SSEC.

The city of Shanghai.

SHANGHAI.

The book is called "3587.43."

0

0

.KS11

The index is called the koSPI.

*KOSPI.

2946.94

-21.39

-0.72

FNBCTFCA.

CNBC 100 ASIA.

CNBC 100.

9856.49

-52.95

-0.53

After the weekend, investors will continue to watch the price of tHe coin. The price of the digital currency fell to a low near $43,000. It has since lost around $48,780. Since Friday, the coin has lost more than 10%.

The dollar index, which tracks the greenback against a basket of peers, was at 96.206, up from 96.1 in the previous session.

The Japanese currency was little changed compared to earlier. The Australian dollar was at $0.7012, which was higher than it was earlier.

Oil prices rose more than 2% in early Asia trading hours after falling last week on Covid uncertainty and the plan to increase output in January.

U.S. West Texas Intermediate crude was up 2.29% to $67.78 per barrel.