Major stock markets in Asia-Pacific traded mostly higher Monday as the Hang Seng jumped 630 points in the middle of a more optimistic sentiment due to the relaxation of the COVID-related testing rules in some cities.
On the data front, S&P said earlier that Japan's service sector growth slowed down in November, with the Business Activity Index at 50.3, compared to 53.2 in October. On the other side, in the case of China, the service sector continued to decline in the same month for a third successive month.
Japan's Nikkei 225 grew by 0.15%, while Australia's S&P/ASX 200 rose 0.33% at the close of their trading sessions. South Korea's Kospi decreased by 0.53% at 7:10 am CET.
In mainland China, at 6:56 am CET, the Shenzhen Composite improved by 0.66%, while the Shanghai Composite gained 1.47% at 7:11 am CET. On the other hand, Hong Kong's Hang Seng rose by 630 points or 3.39% at 7:12 am CET.
The dollar went up by 0.27% compared to the Japanese yen at 7:13 am CET, trading for ¥134.66750.
