Monday, 25 April 2016

Asia Markets Mixed; Nikkei Down 0.2%, Kospi nearly Flat

Asia markets wavered between positive and negative territory on Monday, after major local indexes eked out gains last week. 

The Japanese benchmark Nikkei 225 was down 0.19 percent after flirting with positive territory briefly. 

Last week, the index added 4.3 percent. Across the Korean Strait, the Kospi was down 0.11 percent. Markets in Australia and New Zealand are closed for ANZAC day public holiday on Monday. 

In the currency market, the yen weakened sharply against the dollar, trading at the 111 handle, compared with the 107 handle briefly touched early last week. 

In the previous session, the yen finished at 111.78 to the dollar and on Monday, as of 8:15 a.m. HK/SIN, the pair traded down 0.38 percent at 111.36.

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