Asian market Update

Asian markets traded mostly higher on Monday, 6 July, while oil prices eased. South Korea’s Kospi climbed 2.9%, while Japan’s Nikkei 225 edged up 0.2%. The MSCI Asia Pacific Index rose 0.3%, with advancing stocks outnumbering decliners by more than two-to-one. Australia’s benchmark S&P/ASX 200 slipped 0.23%. Meanwhile, the Japanese yen traded at 161.54 against the US dollar after touching a 40-year low versus the greenback last week. South Korea’s won also weakened about 0.25% to 1,532.82 per dollar following the launch of 24-hour currency trading.