SMIC shares in Hong Kong fall following reports of U.S. sanctions; Asia-Pacific markets mixed – CNBC

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Evergrande shares bounce back

Mixed Monday for Asia-Pacific markets

Mainland Chinese stocks lagged on the day, with the Shanghai composite fractionally lower at about 3,217.53 while the Shenzhen component shed 0.415% to around 12,760.93.

China’s industrial profits rose 19.1% in August, the country’s National Bureau of Statistics announced over the weekend. Chinese economic data has been watched by investors for signs of the country’s continued recovery from the coronavirus pandemic.

Elsewhere, in Japan, the Nikkei 225 added 1.32% to close at 23,511.62 while the Topix index gained 1.69% to finish its trading day at 1,661.93. South Korea’s Kospi rose 1.29% to close at 2,308.08, with entertainment shares in the country jumping after K-pop sensation BTS’ label Big Hit Entertainment priced its anticipated IPO at the top end of the range.

Over in Australia, the S&P/ASX 200 slipped 0.21% to end its trading day at 5,952.30.

Overall, the MSCI Asia ex-Japan index rose 0.74%.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 94.486 after rising from levels below 93.0 last week.

The Japanese yen traded at 105.34 per dollar following an earlier low of 105.68 against the greenback. The Australian dollar changed hands at $0.7048 after sliding from levels above $0.72 last week.

Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.69% to $41.63 per barrel. U.S. crude futures also shed 0.8% to $39.93 per barrel.

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