Asia Pacific equities rallied on Monday after the first round of France’s presidential election put a popular globalist candidate on a course for combat with the country’s champion of the far-right.
With the yen 0.9 per cent weaker against the dollar at ¥110.02, Tokyo’s Topix index is up 1.1 per cent with gains across the board and rises of more than 1 per cent in the telecoms, consumer discretionary, information technology and financials segments.
In Sydney, where the Australian dollar is up 0.3 per cent at $0.756, the S&P/ASX 200 index is up 0.6 per cent, with rises from every segment outside of real estate, which is down 0.1 per cent. Top gainers include information technology (up 1.4 per cent), financials and telecoms (both up 0.9 per cent).
With South Korea’s won up 0.4 per cent at Won1129.95 per dollar, the Kospi index has climbed 0.4 per cent in Seoul, while Taipei’s Taiex index is up 0.3 per cent – as is the Taiwanese dollar, at NT$30.277.
Hong Kong starts trading shortly.