Asian Shares Mostly Higher


(MENAFN- Qatar News Agency) Shares in Asia were steady ahead of an unscheduled US Federal Reserve meeting later on Monday.

Australia's S&P/ASX 200 index was up 0.4% at 5,277.20 points.

South Korea's benchmark Kospi index was up 0.35% at 1,996.1 points.

China's two mainland stock exchanges - the Shanghai and Shenzhen indexes - said last week that new rules would come into effect on Monday aimed at limiting leveraged bets on the market and reducing speculative behaviour by investors.

The intention is to reduce the amount that investors can borrow against their existing holdings - a step that analysts said was responsible and would help avoid so-called bubbles.

Reaction to the new rules was subdued, however, with the Shanghai benchmark index up 0.36% at 3,633.01.

In Hong Kong, the Hang Seng index was down 0.24% at 22,703.06.

Japan's benchmark Nikkei index was closed on Monday for a public holiday.


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