Asia-Pacific stocks set for muted start as investors monitor Covid situation in India

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The Covid situation in India remains severe, with nearly 350,000 new daily infections registered on Sunday.

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.SINGAPORE — Shares in Asia-Pacific were set for a muted start on Monday as investors continue to watch the Covid situation in India.

Futures pointed to a little changed open for Japanese stocks. The Nikkei futures contract in Chicago was at 29,185 while its counterpart in Osaka was at 29,220. That compared against theShares in Australia looked poised to dip, with the SPI futures contract at 7,026.0 as compared to theThe Covid situation in India remains severe as the country continues to battle a startling rise in new coronavirus infections.

 

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