Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270

Asian Markets Start a New Week on the Positive Note, Gold Finds Support Above $1270

All the major Asian indices are trading on a positive note on Monday. Gold remains well supported above $1270 marks and hovers around key resistance at $1277. On the other side, Japan released PPI data with negative numbers and Japanese Yen falls in early Asian hours. USD/JPY is currently trading around 108.95 marks.

Japan's Nikkei 225 index rallied 1.04% to 16,583.47 points, while the broader Topix gauge rose a more modest 0.85% to 1,331.35 points.

Hong Kong's Hang Seng index was trading1.08% higher at 19,926.10 points in early hours, while the Shanghai Composite was flat at 2,827.36 points.

South Korea's Kospi index rose 0.13% to 1,969.99 points on Monday.

Australia's S&P/ASX 200 index traded 0.67% higher at 5,364.60 points on Monday morning in Sydney.

New Zealand's benchmark S&P/NZX 50 index was trading 0.14% lower at 6,906.98 points on Monday afternoon in Wellington.

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