SINGAPORE – Asia Pacific stocks rose in trading Monday morning as investors looked at China’s May trading data.
The Nikkei 225 gained 0.68% in early trading while the Topix index climbed 0.21% higher. South Korea’s Kospi gained 0.46%.
In Australia, the S & P / ASX 200 was up 0.17%.
MSCI’s broadest index for Asia Pacific stocks outside of Japan traded 0.26% higher.
Looking ahead, China’s May trade data is expected to be released on Monday at 11:00 a.m. HK / SIN.
In other developments, the Group of Seven Treasury Ministers supported a US proposal over the weekend requiring companies worldwide to pay at least 15% tax on profits.
The markets in Malaysia and New Zealand are closed on Mondays for public holidays.
The US dollar index, which tracks the greenback versus a basket of its competitors, hit 90.139 after falling over 90.4 recently.
The Japanese yen was trading at 109.51 per dollar after rising above 110.1 against the greenback late last week. The Australian dollar changed hands at $ 0.7747 after rising from below $ 0.768 late last week.
Here’s a look at what’s on tap:
- China: May trade data at 11:00 AM HK / SIN