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Slow start in Asia as public holidays make for light trade

Asian markets were off to a sluggish start on Monday, with light trading on the main bourses as both Japan and US markets were set to remain closed till Tuesday due to separate public holidays.

Japan markets were closed for Health-Sports Day and US markets will remain closed on Monday for Columbus Day.

Hong Kong's benchmark Hang Seng index advanced 0.59% to 22,592.41 points at the opening bell, and mainland China's benchmark Shanghai Composite grew 0.35% to 3,194.39 points at the same time.

Korea's benchmark Kospi index rose 0.14% to 2,022.45 points on Monday morning.

The benchmark Australian S&P/ASX 200 index fell 0.73% to 5,241.20 points in Sydney, with oil miners and banks weighing on the index.

New Zealand's benchmark S&P/NZX 50 index rose 0.71% to 5,678.57 points this afternoon in Wellington.

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