Asian markets, in general, traded in the green early today as markets get ready for Brexit negotiations between the U.K. and the European Union.
The Japanese benchmark Nikkei 225 index was up by 0.59 percent and South Korea’s Kospi edged higher by 0.55 percent. Hong Kong’s Hang Seng index also closed in the green with 0.56 percent increase in its stocks.
In Mainland China, the Shanghai Composite added 0.22 percent and the Shenzhen Composite was also up by 0.273 percent. The Chinese indices were positively affected by the release of price data for May. According to estimates, prices will rise by 10.4 percent throughout the year.
Further south, the Australian S7P/ASX 200 climbed by 0.53 percent, drawing strength from its utilities and financials sub-indexes.
The dollar performed well against the basket of the major currencies; it traded at 97.177 which was relatively better compared to around 97.117 recorded in the previous session.
The Australian Dollar went higher for 2 consecutive sessions and closed at $0.7825, which was a pip up compared to $0.75 last week.
The euro was slightly toned down and was trading at $1.1196. The British Pound remained flat in the session at $1.2767.
Investors are advised to get updates about the negotiations between the European Union and the UK regarding Brexit.