Asia Pacific Mixed Stocks; Ant Group denies the report that it is exploring ways to exit Ma

SINGAPORE – Asia-Pacific stocks traded mixed on Monday morning, with investors watching Alibaba stocks in Hong Kong following another event between affiliate Ant Group and billionaire Jack Ma.

The Nikkei 225 in Japan fell 0.42% in early trading, while the Topix index lost 0.3%. Japan’s exports in March rose 16.1% compared to the previous year, data from the Ministry of Finance showed on Monday. That was much higher than the 11.6% increase expected by economists in a Reuters poll.

South Korea’s Kospi was also down 0.11%.

Meanwhile, Australian shares advanced as the S & P / ASX 200 gained 0.13%.

MSCI’s broader Asia-Pacific equity index outside of Japan was trading 0.11% lower.

Investors will watch Alibaba shares listed in Hong Kong on Monday. This comes after the Ant Group said in a tweet that a recent Reuters report that the company was seeking ways out of Jack Ma was “false and baseless.”

Reuters reported over the weekend that fintech giant Ant is “exploring options” for Ma to divest its stake in the company and “relinquish control,” citing “a source familiar with the thinking of regulators and two people with close ties to the company. “

Coins and oil

The US dollar index, which tracks the dollar against a basket of its peers, was at 91.601 after a recent drop above 91.8.

The Japanese yen was trading at 108.68 per dollar, stronger than the levels above 109.2 against the dollar seen last week. The Australian dollar changed hands at $ 0.7714, having risen from less than $ 0.768 last week.

Oil prices fell in the morning of Asian business hours, and international benchmark Brent crude futures fell 0.51% to $ 66.43 a barrel. US crude futures also fell 0.51% to $ 62.81 a barrel.


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