Global stock markets and U.S. futures were mostly higher Monday on 2022′s first trading day after Wall Street ended last year with a double-digit gain.

Frankfurt and Paris opened higher while Seoul and India advanced. Hong Kong retreated. Markets in Britain, China, Japan and Australia were closed.

Wall Street’s benchmark S&P 500 index slipped Friday amid lingering worries about the coronavirus’s omicron variant but ended 2021 with an annual gain of 26.9%.

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“It remains to be seen to what extent the optimism of the New Year will be reflected in financial markets,” said Venkateswaran Levanya of Mizuho Bank in a report.

In early trading, Frankfurt’s DAX gained 0.8% to 16,010.77 and the CAC 40 in Paris added 0.9% to 7,213.57.

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On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average were 0.4% higher. On Friday, the S&P 500 slipped 0.3% and the Dow slid 0.2%. The Nasdaq fell 0.6%.

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In Asian trading, Hong Kong’s Hang Seng shed 0.5% to 23,274.75 and the Kospi in South Korea rose 0.4% to 2,988.77.

One of China’s biggest real estate developers, Evergrande Group, which is struggling to avoid a default on $310 billion of debt, announced Monday it had asked for trading of its shares in Hong Kong to be suspended ahead of an announcement of unspecified “inside information.”

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India’s Sensex gained 1.4% to 59,101.23. Singapore, Jakarta and Malaysia advanced. Markets in New Zealand and Thailand were closed.

Also Monday, Singapore’s government announced its economy grew by 7.2% last year, rebounding from the previous year’s 5.4% contraction.

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In energy markets, benchmark U.S. crude rose 86 cents to $86.07 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.78 on Friday to $75.21. Brent crude, the price basis for international oils, gained 87 cents to $78.65 per barrel in London. It lost $1.75 the previous session to $77.78 per barrel.

The dollar advanced to 115.29 yen from Friday’s 115.09 yen. The euro declined to $1.1340 from $1.1383.