Asian Equities Start the Week Higher

Asian stocks shrugged off a dismal lead from Wall Street to open higher, with Japan’s Nikkei 225 scoring a fresh 15-year high early Monday.

However, risks regarding a potential Greek exit from the euro zone remained in the backdrop after the country’s interior minister, Nikos Voutsis, threatened to default on loan repayments due to the International Monetary Fund on Sunday.  Meanwhile, bourses in Hong Kong and South Korea are closed for public holidays.

U.S. equities ended weaker on Friday, failing to hold highs touched during the session, after Federal Reserve chair Janet Yellen indicated that a rate hike would be appropriate this year if the economy improves. The Dow Jones Industrial Average and S&P 500 shed 0.3 and 0.2 percent, respectively, while the tech-heavy Nasdaq finished flat.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.