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Shares extend rally in thin pre-holiday trade

Asian shares extend pre-New Year holiday rally

Shares extend rally in thin pre-holiday trade

TOKYO (AP) -- Asian shares are mostly higher in light pre-holiday trading, led by gains in Japan's Nikkei 225 index as the weakening yen piqued buying interest in exporters.

The Japanese benchmark gained 0.4 percent to 16,240.39 Monday morning after hitting a five-year high last week. Hong Kong's Hang Seng Index edged higher to 23,259.08.

Shares rose in Australia, South Korea, Singapore, Indonesia, Malaysia and Taiwan, but edged lower in mainland China and New Zealand.

In foreign exchange markets, the dollar was trading at 105.31 Japanese yen, while the euro fell a cent to $1.3749.

Oil prices remained above $100, with benchmark U.S. oil for February delivery up 6 cents to $100.26 in electronic trading on the New York Mercantile Exchange.

Markets in Thailand and the Philippines were closed for holidays.

Updated : 2021-11-28 01:59 GMT+08:00