• Sun. Nov 27th, 2022

Asia-Pacific markets mixed, Hang Seng index at lowest levels in 11 years; oil rises

Shares in the Asia-Pacific were mixed on Monday as markets enter the last quarter of the year.

Hong Kong’s Hang Seng index was 0.97% down in the final hour of trade, after reaching the lowest levels since October 2011, according to Refinitiv Eikon data. In Australia, the S&P/ASX 200 gave up early gains and closed 0.27% lower at 6,456.90.

The Nikkei 225 in Japan gained 1.07% to 26,215.79, while the Topix index was 0.63% higher at 1,847.58. MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.8%.

Brent crude futures and West Texas Intermediate futures jumped on reports of a possible OPEC+ supply cut.

Later in the week, Australia’s central bank will announce its interest rate decision, while several countries in Asia will report inflation data.

China markets are closed for the Golden Week holiday, and South Korea’s market is also closed.