Elsewhere, Asia-Pacific markets were mixed.
Returning to trade following holidays on Thursday and Friday, the Nikkei 225 in Japan jumped 1.22% in Monday morning trade while the Topix index advanced 1.21%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 1.14% lower.
On the economic data front, Singapore’s industrial production figures for June are set to be out at 1:00 p.m. HK/SIN.
Investors likely continued to monitor the Covid situation in Asia as it weighs on sentiment.
In South Korea, the second highest level of virus restrictions will be applied to non-capital areas starting Tuesday, local agency Yonhap reported. Elsewhere, Tokyo’s daily coronavirus tally has exceeded 1,000 for six days in a row, according to Kyodo News.
Indonesia on Sunday also extended its Covid restrictions by a week, according to Reuters. The country has been among multiple Southeast Asian nations that have been grappling with a resurgence in infections.
On Friday, the Dow Jones Industrial Averaged closed above 35,000 for the first time ever while the S&P 500 jumped 1.01% to 4,411.79 and the Nasdaq Composite gained 1.04% to 14,836.99. Friday’s moves upward saw all three major indexes stateside at new closing highs.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.906 following a recent bounce from below 92.8.
The Japanese yen traded at 110.39 per dollar, weaker than levels below 110 seen against the greenback last week. The Australian dollar changed hands at $0.7352, above levels below $0.732 seen last week.
Here’s a look at what’s on tap:
- Singapore: Industrial production for June at 1:00 p.m. HK/SIN