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Asia-Pacific stocks mixed as investors monitor Covid situation in India - CNBC

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SINGAPORE — Shares in Asia-Pacific were mixed in Monday morning trade as investors continue to watch the Covid situation in India.

In Japan, the Nikkei 225 dipped 0.23% while the Topix index rose fractionally. South Korea's Kospi advanced 0.36%.

Over in Australia, the S&P/ASX 200 gained 0.15%.

MSCI's broadest index of Asia-Pacific shares outside Japan traded 0.15% higher.

Covid in India

The Covid situation in India remains severe as the country continues to battle a startling rise in new coronavirus infections. On Sunday, nearly 350,000 new daily infections were registered.

The Biden administration has said it will immediately make raw materials needed for India's coronavirus vaccine production available. The U.S. response comes after Britain, France and Germany also pledged aid to India over the weekend.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.867 following a recent drop from above 91.2.

The Japanese yen traded at 107.87 per dollar, weaker than levels around 107.5 against the greenback seen late last week. The Australian dollar changed hands at $0.7743, lower than levels above $0.776 seen last week.

Oil prices were lower in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.3% to $65.91 per barrel. U.S. crude futures slipped 0.26% to $61.98 per barrel.

— CNBC's Amanda Macias contributed to this report.

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