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Asia stocks set to trade lower; Australia and Hong Kong closed for holidays
Stocks in Asia traded mixed on Thursday morning following Christmas Day, with markets in Australia and Hong Kong closed for holidays.The Nikkei 225 in Japan was 0.35% higher in early trade, with shares of FamilyMart rising about 1%. The Topix index also saw gains of 0.34%.South Korea’s Kospi, on the other hand, declined 0.17% as…
Stocks in Asia traded mixed on Thursday morning following Christmas Day, with markets in Australia and Hong Kong closed for holidays.
The Nikkei 225 in Japan was 0.35% higher in early trade, with shares of FamilyMart rising about 1%. The Topix index also saw gains of 0.34%.
South Korea's Kospi, on the other hand, declined 0.17% as shares of industry heavyweight Samsung Electronics shed 0.91%.
Overall, the MSCI Asia ex-Japan index was largely flat.
Major markets across the region were closed on Wednesday for Christmas, including Hong Kong, South Korea and Australia.
The market moves followed Tuesday's muted Christmas Eve session on Wall Street, which saw the Nasdaq Composite rising slightly to touch a new record high of 8,952.88, its ninth consecutive record close for the first time since 1998. The Dow Jones Industrial Average fell 36.08 points to close at 28,515.45, while the S&P 500 ended its trading day little changed at 3,223.38.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 97.654 after seeing an earlier high above 97.7.
The Japanese yen traded at 109.39 per dollar after spiking briefly to lows above 109.6 yesterday. The Australian dollar changed hands at $0.6924 after trading in a range between $0.691 and $0.692 for much of the previous session.
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