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5/10, 7:22 AM (Source: TeleTrader)
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Asia-Pacific mostly higher as recovery continues

Major stock markets in the Asia-Pacific region traded mostly higher near the end of the session on Monday as the recovery from the coronavirus crisis continued to push positive sentiment.

Last week, the World Health Organization approved China's Sinopharm COVID-19 vaccine for emergency use, confirming the jab's safety and effectiveness. Meanwhile, South Korean President Moon Jae-in argued earlier today the government plans to achieve economic growth of 4% this year.

In mainland China, the Shanghai Composite rose 0.10% at 7:03 am CET and the Shenzhen Composite added 0.27%. South Korea's Kospi Composite advanced 1.59% at 7:19 am CET, with Australia's S&P/ASX 200 climbing 0.92%. Japan's Nikkei 225 surged 0.50% or 146 points two minutes later, as the dollar gained 0.22% against the yen to trade for 108.8220. On the other hand, the Hang Seng was the only negative index, plunging 0.42% or 118 points.

Breaking the News / ND