Alexa
  • Directory of Taiwan

World markets mostly higher in light holiday trade

World markets mostly higher in light holiday trade

Asian stocks markets were mostly higher Tuesday in dwindling holiday trade after Wall Street posted muted gains. European shares opened higher.
The dollar slipped against the yen and the euro. Australian shares led Asia, its resource-heavy market powered by stronger prices for oil, gold and other commodities in recent days.
Trade was sluggish and thin across the region with many investors out for the holidays and unwilling to place bets toward the end of a year marked by tremendous gains in stocks around the world.
Early in the session, Asia markets seemed to find little inspiration in figures showing holiday sales in the U.S., crucial for Asia's big export companies, ticked up slightly from last year. The news helped push Wall Street stocks to their sixth straight gain. But most markets reversed course to finish in the green.
As European trade got under way, benchmarks in Britain, Germany and France gained less than 0.5 percent.
In Japan, the benchmark Nikkei 225 stock average edged up 3.83 points, or 0.04 percent, to 10,638.06 in an erratic session. Hong Kong's Hang Seng, also down earlier in the day, added 19.22 points, or 0.1 percent, to 21,499.44.
South Korea's Kospi dropped 0.8 percent to 1,672.48 while China's Shanghai index rose 0.7 percent to 3,211.76.
Elsewhere, Australia's key index rose 1.1 percent to 4,845.1. India's Sensex gained 0.6 percent and Singapore's market added 0.3 percent.
Monday in the U.S., the Dow Jones industrial average rose 26.98, or 0.3 percent, to 10,547.08, its highest close since Oct. 1, 2008. The Dow transportation average fell 24.37, or 0.6 percent, to 4,163.49.
The Standard & Poor's 500 index rose 1.3, or 0.1 percent, to 1,127.78, and the Nasdaq composite index advanced 5.39, or 0.2 percent, to 2,291.08.
U.S. futures pointed to a marginally higher open on Wall Street.
Oil prices hung below $79 a barrel in Asia, with benchmark crude for February delivery down 2 cents to $78.75. The contract settled up 72 cents at $78.77 on Monday after surging above $79 as an extended cold snap in the U.S. triggered an end-of-year rally in energy futures.
In currencies, the dollar fell to 91.56 yen from 91.62 yen. The euro rose to $1.4432 from $1.4376.


Updated : 2021-07-30 03:44 GMT+08:00