Nikkei, Yen, Hang Seng: Asienbörsen schließen überwiegend im Plus

European markets stayed mostly positive on Monday, despite ongoing geopolitical tensions in the Middle East. The Nikkei-225 index in Tokyo rose by 0.7 percent to 69,188 points. The Topix index, which tracks the broader market, hardly changed, ending at 4,189 indexes. The Shanghai Stock Exchange gained 1.1 percent to reach 3,972 points.

The CSI-300 index, which includes China's 300 largest companies, increased by 1.4 percent to 4,730 points. Korean exchanges remained closed due to a holiday. Shane Oliver, Chief Economist at AMP Financial Services, stated that despite the stalemate with Iran over the Hormuz Strait, the main scenario remains that oil prices will remain between $70 and $100 per barrel.

He believes Iran will prevent prices from falling further while the US tries to calm the market when prices exceed $100 per barrel. Brent crude and US Light Oil (WTI) prices fluctuated between -0.9 and +1.0 percent on Monday, ending slightly lower at $88.45 and $81.83 per barrel, respectively. Meanwhile, investors tried to interpret mixed economic data.

Japanese government bond yields surged to the highest level since 1996, with the yield on ten-year bonds rising by up to 5.5 basis points to 2.93 percent. The yield on thirty-year bonds climbed by six basis points to 4.07 percent, approaching a record high set in May, while yields on twenty-year bonds jumped by 6.5 basis points to 3.82 percent.