Asia markets set to open flat as traders search for direction following US holiday

Asia markets set to open flat as traders search for direction following US holiday
Asia markets set to open flat as traders search for direction following US holiday

Ratings agencies S&P Global Ratings, Moody's and Fitch Ratings all said the arrest was unlikely to affect the credit rating of Samsung Electronics — the flagship brand.

Fitch, however, said the arrest is likely to "delay strategic investment and weigh on investor sentiment, at least in the short term." The agency added the arrest posed a potential risk to the band's reputation.

Elsewhere, the dollar index, which measures the greenback against a basket of currencies, traded at 100.90. The yen traded at 113.20 to the dollar, while the Australian dollar fetched $0.7683 and the euro traded at $1.0610.

Oil prices rose in the Monday session, with global benchmark Brent up 0.7 percent at $56.18 a barrel. U.S. crude futures added 0.5 percent to $53.69.

Reuters reported top OPEC producer Saudi Arabia's crude oil shipments fell in December to 8.014 million barrels per day (bpd) from 8.258 million bpd in November.

CNBC

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