Asian shares trade mixed, Nikkei gains 1%, Kospi, ASX near-flat

Asian stocks open mixed on Monday, as oil prices rallied on supply outages in Canada and amid surprise over the exit of Saudi Arabia’s veteran oil minister Ali al-Naimi.

Japan’s Nikkei 225 opened 0.99 percent higher. The dollar/yen pair was trading up 0.33 percent at 107.43 at 8:18 a.m. HK/SIN. A weaker yen is generally better for Japanese manufacturing, because it makes their products cheaper for overseas buyers

Across the Korean Strait, South Korea’s Kospi index was down 0.1 percent on its first day of trade after being shuttered on Thursday and Friday for public holidays.

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Posted in: Indian Market Tips