SINGAPORE — Shares in Asia-Pacific rose in Monday morning trade as investors looked ahead to Chinese trade data for May.
The Nikkei 225 gained 0.68% in early trade while the Topix index edged 0.21% higher. South Korea's Kospi advanced 0.46%.
In Australia, the S&P/ASX 200 climbed 0.17%.
MSCI's broadest index of Asia-Pacific stocks outside Japan traded 0.26% higher.
Looking ahead, China's trade data for May is expected to be out at 11:00 a.m. HK/SIN on Monday.
In other developments, finance ministers from the Group of Seven over the weekend backed a U.S. proposal that calls for firms globally to pay at least 15% tax on earnings.
Markets in Malaysia and New Zealand are closed on Monday for holidays.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.139 following a recent decline from above 90.4.
The Japanese yen traded at 109.51 per dollar, after strengthening late last week from above 110.1 against the greenback. The Australian dollar changed hands at $0.7747, after climbing from levels below $0.768 late last week.
Here's a look at what's on tap:
- China: Trade data for May at 11:00 a.m. HK/SIN
"trade" - Google News
June 07, 2021 at 06:43AM
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Asia stocks rise; China's May trade data ahead - CNBC
"trade" - Google News
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