Asian stocks rise in quiet holiday trading

20-Apr-2019 Intellasia | AP | 6:38 AM Print This Post

Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed.

Japan’s benchmark Nikkei 225 edged up 0.5 percent in early trading to 22,191.98. South Korea’s Kospi rose 0.3 percent to 2,221.1. The Shanghai Composite gained 0.6 percent to 3,269.59.

Some markets remain closed for a national holiday, including in the US, Hong Kong, Australia and parts of Europe.

Overnight, major US stock indexes capped the holiday shortened week with slight gains, although the marginal upward move was not enough to keep the benchmark S&P 500 index from snapping a string of three straight weekly gains.

The S&P 500 gained 4.58 points, or 0.2%, to 2,905.03. The Dow Jones Industrial Average rose 110 points, or 0.4%, to 26,559.54. The Nasdaq composite inched 1.98 points higher, or less than 0.1%, to 7,998.06. The Russell 2000 index of small-cap dropped 1.85 points, or 0.1%, to 1,565.75.

ENERGY: Benchmark US crude oil added 7 cents to $64.07 a barrel. It rose 0.4 percent to settle at $64 per barrel Thursday. Brent crude, the international standard, added 0.5 percent to $71.97 per barrel.

CURRENCIES: The dollar rose slightly to 111.92 Japanese yen from 111.89 yen late Thursday. The euro weakened to $1.1241 from $1.1258.


Category: FinanceAsia

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