Markets in Japan and South Korea rose Monday amid holiday-thinned trading in Asia after US stocks gained amid positive earnings to round out their best month since the end of last year.
Japan’s Nikkei 225 rose 1 percent to 9,945.24. Asia’s largest market will be closed Tuesday through Thursday amid Japan’s annual Golden Week holiday.
South Korea’s benchmark Kospi index, meanwhile, advanced 1.4 percent to 2,223.52.
Trading in Asia was thin amid a slew of holidays this week in the region. Hong Kong’s Hang Seng index and mainland China’s Shanghai Composite Index were closed for holidays as were stock markets in Taiwan and Malaysia.
Australia’s S&P/ASX 200, meanwhile, fell 0.5 percent to 4,801.20, while markets in New Zealand also declined.
The Dow Jones industrial average rose Friday on positive earnings news after construction equipment manufacturer Caterpillar reported strong first-quarter profit.
The Dow rose 47.23 points Friday, or 0.4 percent, to close at 12,810.54, rounding out April 4 percent higher, its best month since December.
Caterpillar, world’s largest maker of mining and construction equipment, rose 2.5 percent after its earnings increased more than fivefold. The company also raised its sales and profit forecast for the year.
Japan’s Komatsu Ltd., the world’s No. 2 equipment maker, rose 1.8 percent.
Broader indices also gained.
The Standard & Poor’s 500 index rose 3.13 points, or 0.2 percent, to close at 1,363.61. The index gained 2.8 percent in April. The Nasdaq composite added 1.01 point to 2,873.54. It rose 3.3 percent for the month.
Benchmark crude for June delivery was down 72 cents to $113.21 in electronic trading on the New York Mercantile Exchange. The contract settled at $113.93 per barrel on the Nymex on Friday.
The euro was higher at $1.4780 from $1.4839 late Friday in New York. The dollar strengthened to 81.59 yen from 81.10 yen.