Share

Asian markets mixed in post-Easter trading

Share

BEIJING (AP) — Asian stock markets were mixed Monday following the Easter holiday weekend as investors looked ahead to U.S. and Japanese economic data.

Benchmarks in Tokyo and Seoul gained while Shanghai retreated. Hong Kong and Sydney were closed for the holiday.

On Wall Street, the benchmark Standard & Poor’s 500 index ended a shortened trading week on Thursday snapping a winning streak of three weekly gains.

Investors looked ahead to U.S. quarterly gross domestic product due out Friday. The United States reports new home sales Tuesday while Japan announces factory output on Friday.

“The broad expectation is for U.S. indices to grind higher,” said Jingyi Pan of IG Markets in a report.

Trending:
Federal Judge Has Bad News for Hunter Biden, Says There's Zero Evidence His Charges Are Politically Motivated

“However, with prices nearing all-time highs, some sense of caution may be bound to set in,” Pan said. “Earnings and the first reading of U.S.’s Q1 GDP at the end of the week would be key for markets.”

Tokyo’s Nikkei 225 index rose 0.1% to 22,233.04 and Seoul’s Kospi gained 0.1% to 2,218.47. The Shanghai Composite Index shed 0.6% to 3,250.91.

Benchmarks in Taiwan, Singapore and Manila gained while Jakarta retreated.

On Thursday, the S&P 500 gained 0.2% to 2,905.03 before closing for Good Friday. The Dow Jones Industrial Average rose 0.4% to 26,559.54. The Nasdaq composite added less than 0.1% to 7,998.06.

ENERGY: Benchmark U.S. crude surged $1.48 to $65.55 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose $1.20 on Friday to close at $64.07. Brent crude, used to price international oils, soared $1.73 to $73.70 per barrel in London. It gained 35 cents the previous session to $71.97.

CURRENCY: The dollar gained to 111.94 yen from Friday’s 111.91 yen. The euro declined to $1.1239 from $1.1245.

The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.

Truth and Accuracy

Submit a Correction →



We are committed to truth and accuracy in all of our journalism. Read our editorial standards.

Tags:
Share
The Associated Press is an independent, not-for-profit news cooperative headquartered in New York City. Their teams in over 100 countries tell the world’s stories, from breaking news to investigative reporting. They provide content and services to help engage audiences worldwide, working with companies of all types, from broadcasters to brands. Photo credit: @AP on Twitter
The Associated Press was the first private sector organization in the U.S. to operate on a national scale. Over the past 170 years, they have been first to inform the world of many of history's most important moments, from the assassination of Abraham Lincoln and the bombing of Pearl Harbor to the fall of the Shah of Iran and the death of Pope John Paul.

Today, they operate in 263 locations in more than 100 countries relaying breaking news, covering war and conflict and producing enterprise reports that tell the world's stories.
Location
New York City




Conversation