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Asia-Pacific stocks mixed; shares of Nomura plunge 16% after flagging potential $2 billion loss

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SINGAPORE — Stocks in Asia-Pacific were mixed on Monday, as markets in India were closed for a holiday.

The Nikkei 225 in Japan gained 0.71% to close at 29,384.52 while the Topix index advanced 0.46% to finish its trading day at 1,993.34.

But shares of Japanese financial services company Nomura plunged 16.33% on Monday after the firm flagged a potential $2 billion loss at a U.S. subsidiary.

South Korea’s Kospi closed 0.16% lower at 3,036.04.

Mainland Chinese stocks were higher on the day as the Shanghai composite gained 0.5% to 3,435.30 while the Shenzhen component was marginally higher at 13,771.26.

Hong Kong’s Hang Seng index sat below the flatline, as of its final hour of trading. Shares of Chinese video platform Bilibili slumped in their debut in Hong Kong on Monday, falling more than 5% from their issue price in early trading. It later recovered from some of those losses but still remained more than 2% lower than the issue price in Monday afternoon trade.

In Australia, the S&P/ASX 200 declined 0.36% to close at 6,799.50.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.07% higher.

Markets in India were closed on Monday for a holiday.

Oil prices fell in the afternoon of Asia trading hours, with international benchmark Brent crude futures declining 0.99% to $63.93 per barrel. U.S. crude futures also shed 1.54% to $60.03 per barrel.

The decline in oil prices came after maritime services firm Inchscape announced that the Ever Given, the giant container ship blocking the Suez Canal, has been refloated and is being secured.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 92.767 after rising earlier this month from levels below 92.

The Japanese yen traded at 109.58 per dollar, having weakened last week from levels below 109 against the greenback. The Australian dollar changed hands at $0.7634, falling a decline last week from above $0.768.

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