5/23, 7:19 AM (Source: TeleTrader)
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Asia-Pacific mostly lower amid geopolitical turmoil

Major stock market indexes in the Asia-Pacific region traded mostly lower on Monday after United States President Joe Biden and Japanese Prime Minister Fumio Kishida stressed the importance of their countries' partnership in countering Russia and China's influences. Earlier, Biden and his South Korean counterpart Yoon Suk-yeol described North Korea's nuclear program as a "grave threat." Meanwhile, Australia's Prime Minister Anthony Albanese noted the relations between Canberra and Beijing will remain difficult during his mandate.

Japan's Nikkei 225 advanced by 0.59% at 7:16 am CET as the dollar lost 0.25% to the yen to sell for ¥127.4745. At the same time, South Korea's Kospi stood flat. At that moment, Australia's S&P/ASX 200 went down by 0.06%.

In mainland China, the Shanghai Composite decreased by 0.54% at 7:02 am CET, while the Shenzhen Composite declined by 0.23%. In Hong Kong, the Hang Seng fell by 1.96% at 7:18 am CET.

Baha Breaking News (BBN) / JR