MarketDeal24.Com – Capital markets located across different parts of Asia is on a bullish note on Monday despite incessant slump in oil prices.
Prices of crude oil registered a more than 6% fall as OPEC+ postponed its meeting to discuss the volatility in oil prices.
By 10:23 PM ET, S&P/ASX 200 rose by 2.72%, South Korea’s KOSPI gained 2.11% while Hong Kong’s Hang Seng climbed by 0.89%.
Japan’s Nikkei 225 advanced by 2.45% where country’s prime minister Shinzo Abe is expected to announce a state of emergency by Tuesday to contain the number of new COVID-19 infections.
Chinese markets are closed today for a holiday.