
- Several Asian currencies strengthened against the dollar, with the Taiwanese dollar leading the charge.
- Australia stocks fell following Prime Minister Anthony Albanese's reelection.
- Taiwan's benchmark Taiex was also down.
- India's benchmark Nifty 50 and broader BSE Sensex rise.
- Japanese, South Korean, Hong Kong and Chinese markets were closed for public holidays.
Asia-Pacific currencies appreciated Monday, as the U.S. dollar weakened, led by the Taiwanese dollar.
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Taiwan's currency continued to strengthen, appreciating 5.77% against the greenback to 3-year highs of 28.93.
The offshore Chinese yuan strengthened 0.21% against the dollar to 7.196, after hitting its strongest level since November 2024 earlier in the session.
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The Australian dollar appreciated by 0.62% against the greenback to trade at 0.648. The Singapore dollar strengthened by 0.62% to 1.289 against the greenback after the ruling People's Action Party secured a strong mandate.
The Japanese yen, which had weakened last week, appreciated 0.69% against the U.S. dollar to trade at 143.93, while the Indian rupee strengthened 0.27% against the greenback to 84.26.
In stocks, the Australian market fell after Prime Minister Anthony Albanese , while most Asian markets were closed for holidays.
Money Report
Albanese is the country's first prime minister to clinch a second consecutive term in 21 years, indicating Australians' desire for policy continuity amid an uncertain global macroeconomic outlook.
The benchmark ended the day 0.97% lower at 8,157.80. This is a reversal from the sharp gains in its previous session, when the index hit its .
Taiwan's benchmark Taiex plunged 1.23% in choppy trade to close at 20,532.99.
In India, the benchmark added 0.47% to close at 24,461.15 while the BSE Sensex advanced 0.37% to 80,796.84.
Representatives for Indian billionaire Gautam Adani and his companies reportedly met with officials from U.S. President Donald Trump's administration to discuss the dismissal of the criminal charges levied against him in an overseas bribery probe, .
The talks which began earlier this year have picked up speed in recent weeks and could lead to a resolution in the coming month or so if the pace continues, the report added.
Shares of the surged 7.03% while gained 6.68% and soared 6.31%. shares rose 5.95%, while advanced 3.31%.
Mark Mobius, chairman of Mobius Emerging Opportunities Fund, said that India was receiving the "biggest love" for investments.
"That's the country that is going to be continuing to do very well going forward, not only because of the movement of manufacturing from China, but more importantly, what is happening domestically," he told C온라인카지노사이트's "" on Monday.
"That's the country that is going to be continuing to do very well going forward, not only because of the movement of manufacturing from China, but more importantly, what is happening domestically," Mobius added.
He also highlighted India's young population that is "grasping the technology that we've see around the world," as an exciting area to watch.
Beyond India, the veteran investor outlined Brazil, Vietnam and Taiwan as promising markets in the region.
Elsewhere in the region, Indonesia's economy expanded lower than the 5.02% growth seen in the previous quarter, government data showed. This is the slowest pace of growth since the third quarter of 2021, and falls short of 4.91% penciled in by economists polled by Reuters.
Japanese, South Korean, Hong Kong and mainland China markets were closed for public holidays.
Oil prices plunged after . was last down 1.26% at $60.52 a barrel, while the crude fell 1.34% to $57.52 per barrel.
U.S. , reversing course from strong wins in Wall Street last week.
The broad-based ended Friday's session 1.47% higher at 5,686.67. This marked its ninth consecutive day of gains and is its longest winning run since November 2004. The benchmark also managed to , when U.S. President Donald Trump announced retaliatory tariffs.
The jumped 564.47 points, or 1.39%, to end at 41,317.43, and the gained 1.51% to 17,977.73.
— C온라인카지노사이트's Neha Hegde, Sean Conlon and Hakyung Kim contributed to this report.