{"id":131061,"date":"2023-01-27T23:37:27","date_gmt":"2023-01-27T23:37:27","guid":{"rendered":"https:\/\/fin2me.com\/?p=131061"},"modified":"2023-01-27T23:37:27","modified_gmt":"2023-01-27T23:37:27","slug":"asian-shares-mostly-higher-in-thin-holiday-trade","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/asian-shares-mostly-higher-in-thin-holiday-trade\/","title":{"rendered":"Asian Shares Mostly Higher In Thin Holiday Trade"},"content":{"rendered":"

Asian stocks ended mostly higher in thin trading on Monday, with markets<\/span> in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year celebrations. Chinese markets won’t resume trading until January 30.<\/p>\n

Japanese shares rallied as the yen retreated from last week’s 7 1\/2-month high and minutes of the Bank of Japan’s December policy meeting showed board members wanted to modify their yield control curve in order to improve market functionality.<\/p>\n

The Nikkei 225 Index jumped 1.3 percent to 26,906.04, with chip-related stocks leading gains. The broader Topix ended 1.0 percent higher at 1,945.38.<\/p>\n

Australian markets finished marginally higher as miners snapped a two-day winning streak, offsetting gains in the tech sector.<\/p>\n

The benchmark S&P\/ASX 200 Index closed up 5.10 points or 0.1 percent at 7,457.30, extending gains for the fourth day running and hitting its highest level since April 22 last year.<\/p>\n

The broader All Ordinaries Index finished higher by 7.90 points 0.1 percent at 7,674.20. Tech heavyweight Block Inc surged 6.1 percent.<\/p>\n

Across the Tasman, New Zealand shares ended slightly lower as the Labor Party caucus selected Chris Hipkins to succeed Jacinda Ardern as the country’s next prime minister.<\/p>\n

Hipkins has stated he would switch focus from COVID-19 to bolstering the economy<\/span> as recession looms after a series of sharp interest rate hikes.<\/p>\n

The benchmark S&P\/NZX-50 Index settled 0.2 percent lower at 11,948.72 ahead of the latest inflation figures due in the middle of the week.<\/p>\n

Serko soared 8.7 percent after the business<\/span> travel software maker upgraded its revenue guidance for the fiscal year. <\/p>\n

Indian shares were off their day’s highs, with the Sensex trading up 0.4 percent at 60,864.<\/p>\n

Oil and gold prices were slightly lower in Asian trading as the dollar struggled to recover ahead of more corporate earnings and economic data due this week. <\/p>\n

U.S. stocks rose sharply on Friday, as streaming giant Netflix reported stronger than expected subscriber growth, Google parent Alphabet revealed a plan to cut 12,000 jobs globally and Fed officials Patrick Harker and Christopher Waller said they favor a 25-basis-point rate hike at the next meeting.<\/p>\n

The tech-heavy Nasdaq Composite jumped 2.7 percent and the S&P 500 added 1.9 percent to mark its first gain in four days, while the Dow gained 1 percent.<\/p>\n

European stocks closed modestly higher on Friday amid optimism about Chinese economic growth and signs of cooling inflation. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Asian stocks ended mostly higher in thin trading on Monday, with markets in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year […]<\/p>\n","protected":false},"author":3,"featured_media":131060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\nAsian Shares Mostly Higher In Thin Holiday Trade - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/asian-shares-mostly-higher-in-thin-holiday-trade\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asian Shares Mostly Higher In Thin Holiday Trade - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Asian stocks ended mostly higher in thin trading on Monday, with markets in mainland China, Hong Kong, Singapore and Seoul closed for Lunar New Year [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fin2me.com\/business\/asian-shares-mostly-higher-in-thin-holiday-trade\/\" \/>\n<meta property=\"og:site_name\" content=\"Fin2me\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-27T23:37:27+00:00\" \/>\n<meta name=\"author\" content=\"Mark\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/fin2me.com\/wp-content\/uploads\/2023\/01\/Asian-Shares-Mostly-Higher-In-Thin-Holiday-Trade-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fin2me.com\/business\/asian-shares-mostly-higher-in-thin-holiday-trade\/\",\"url\":\"https:\/\/fin2me.com\/business\/asian-shares-mostly-higher-in-thin-holiday-trade\/\",\"name\":\"Asian Shares Mostly Higher In Thin Holiday Trade - 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