12/5/2022, 3:17 AM (Source: TeleTrader)
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Asia mostly higher as China eases COVID rules

Stock markets in Asia traded mostly with gains on Monday after local Chinese authorities agreed to relax some measures related to COVID-19. In Beijing and Shenzhen, a negative test will no longer be required for entry into some public spaces such as public transport and supermarkets. Meanwhile, OPEC reportedly decided not to change crude oil output targets after the European Union imposed a cap on Russian oil. In data, Chinese and Japanese services sector activity declined in November.

The Nikkei 225 was up by 0.11% at 3:14 am CET, while Hang Seng jumped 3.49% and the S&P/ASX 200 rose by 0.54%. The Shanghai Composite added 0.88% at 3:00 am CET, as the Shenzhen Composite improved by 0.91% at 3:16 am CET. The only index trading lower was the Kospi Composite, losing 0.20% at 3:16 am CET.

The dollar traded 0.10% higher against the yen, selling for 134.4425 at 3:17 am CET.

Baha Breaking News (BBN) / DJ