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The Financial Express

Asian shares edge lower in quiet trading

Published: December 25, 2017 10:52:49 | Updated: December 27, 2017 12:39:03


File Photo (Collected) File Photo (Collected)

Asian shares were lower in quiet trading Monday in the few Asian markets open during the Christmas holiday.

Japan’s Nikkei 225 index was down less than 0.1 per cent at 22,887.89, while the Shanghai Composite index slipped 0.4 per cent to 3,283.57.

Trading is thin, tracking last week’s weak finish on Wall Street, with many investors away.

Shares were higher in Jakarta and Taiwan.

Stocks finished slightly lower Friday in New York in subdued trading ahead of the three-day holiday weekend. The S&P 500 index fell less than 0.1 per cent to 2,683.34.

The Dow Jones industrial average lost 0.1 per cent to 24,754.06 and the Nasdaq composite also shed 0.1 per cent, to 6,959.96.

Markets will be closed in the US and Europe on Monday in observance of Christmas.

Benchmark US crude rose 11 cents to $58.47 a barrel in New York on Friday. Brent crude, which is used to price international oils, rose 35 cents to $65.25 a barrel in London.

The dollar was at 113.29 Japanese yen. The euro was nearly unchanged at $1.1856.

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