Investing.com – Asian stocks were mixed on Monday, as shares in Japanese exporters led declines after the yen rose to hit a fresh 15-year high against the U.S. dollar.
During late Asian trade, Hong Kong's Hang Seng Index was up 0.63%, South Korea's Kospi Composite rose 0.97%, while Japan’s Nikkei 225 Index shed 0.27%.
Earlier Monday, the yen soared to its highest level against the dollar since 1995 after financial leaders from the G20 group of industrialized nations agreed on the need to avoid competitive devaluations of currencies and move towards market-based exchange-rate systems.
The Nikkei’s losses came as shares in digital camera maker Canon tumbled 1.06%, while shares in Toyota Motor, which receives 70% of its sales from North America, fell 1.13% after it revised its dollar forecast for the fiscal second half to JPY 80 from JPY 90, which translates into a reduction of about JPY 150 billion in its earnings.
In Hong Kong, the commodity sector advanced amid rising crude oil and metal prices. Shares in oil and gas producer Shenhua Energy soared 4.21%, while Petrochina saw its shares climb 1.74%.
Elsewhere, Australia's benchmark S&P/ASX 200 Index jumped 1.33% after Singapore Exchange Ltd. agreed to buy ASX Ltd., Australia’s main stock exchange operator for approximately AUD 8.4 billion. Shares in ASX soared 19.42% after the news.
Meanwhile, in Europe, equity markets were up after the open. The EURO STOXX 50 gained 0.27%, France’s CAC 40 added 0.36%, the FTSE 100 rose 0.66% and Germany's DAX was up 0.61%.
Later in the day, the euro zone was to release official data on industrial new orders while the U.S. was to publish industry data on existing home sales.
During late Asian trade, Hong Kong's Hang Seng Index was up 0.63%, South Korea's Kospi Composite rose 0.97%, while Japan’s Nikkei 225 Index shed 0.27%.
Earlier Monday, the yen soared to its highest level against the dollar since 1995 after financial leaders from the G20 group of industrialized nations agreed on the need to avoid competitive devaluations of currencies and move towards market-based exchange-rate systems.
The Nikkei’s losses came as shares in digital camera maker Canon tumbled 1.06%, while shares in Toyota Motor, which receives 70% of its sales from North America, fell 1.13% after it revised its dollar forecast for the fiscal second half to JPY 80 from JPY 90, which translates into a reduction of about JPY 150 billion in its earnings.
In Hong Kong, the commodity sector advanced amid rising crude oil and metal prices. Shares in oil and gas producer Shenhua Energy soared 4.21%, while Petrochina saw its shares climb 1.74%.
Elsewhere, Australia's benchmark S&P/ASX 200 Index jumped 1.33% after Singapore Exchange Ltd. agreed to buy ASX Ltd., Australia’s main stock exchange operator for approximately AUD 8.4 billion. Shares in ASX soared 19.42% after the news.
Meanwhile, in Europe, equity markets were up after the open. The EURO STOXX 50 gained 0.27%, France’s CAC 40 added 0.36%, the FTSE 100 rose 0.66% and Germany's DAX was up 0.61%.
Later in the day, the euro zone was to release official data on industrial new orders while the U.S. was to publish industry data on existing home sales.