Asia stocks mixed on the first day of trading in 2022; Evergrande shares halted
SINGAPORE — Shares in Asia were mixed on Monday as trading in 2022 kicked off, with some major markets in the region closed.
Hong Kong’s Hang Seng index shed earlier gains closed 0.53% lower at 23,274.75.
Trading in the shares and structured products of debt-ridden Chinese developer China Evergrande Group was halted in Hong Kong on Monday, according to an exchange notice. No immediate reason was given for the halt.
Meanwhile, shares of Chinese artificial intelligence firm Sensetime soared 40.91% on Monday, after seeing a strong debut in Hong Kong last week.
In Southeast Asia, the Straits Times index in Singapore climbed about 0.4%, as of about 4:30 p.m. local time.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose marginally by 0.08%.
Markets in Australia, mainland China and Japan were closed on Monday for a holiday.
Oil jumps more than 1%
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 95.898 after recently falling from levels above 95.7.