Asia stocks mixed; mainland China markets jump as they return from holidays

SINGAPORE — Shares in Asia-Pacific were mixed in Monday trade, with mainland China markets reopening following the Lunar New Year holidays last week.

In morning trade, the Shanghai composite jumped 1.92% while the Shenzhen component gained 1.307%. Both indexes had jumped about 2% each earlier. Hong Kong’s Hang Seng index, on the other hand, slipped 0.59%.

In Japan, the Nikkei 225 dipped 0.86% while the Topix index declined 0.42%. South Korea’s Kospi shed 0.85%.

Elsewhere, the S&P/ASX 200 in Australia shed 0.16%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% lower.

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The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.513 after its recent decline from above 95.9.

The Japanese yen traded at 115.30 per dollar, following last week’s weakening from levels below 114.4 against the greenback. The Australian dollar was at $0.7076, off levels above $0.714 seen last week.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.41% to $93.65 per barrel. U.S. crude futures also climbed 0.06% to $92.37 per barrel.

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