Asian shares rise, some markets closed for holidays

Published: April 30, 2018 13:03:31 | Updated: May 02, 2018 10:48:59

File Photo (Collected)

Asian shares were mostly higher on Monday following the release of reassuring manufacturing data for China, though a number of the Asian markets are closed for holidays.

The Hang Seng in Hong Kong climbed 1.5 per cent to 30,739.04 and South Korea's Kospi added 0.6 per cent to 2,507.45. The S&P ASX 200 added 0.4 per cent to 5,979.60.

Shares also rose in Taiwan and Indonesia. Markets were closed in Japan and mainland China, reports AP.

US stocks were mostly higher Friday after a wobbly day of trading. Amazon, Microsoft and Expedia all climbed after reporting earnings.

The S&P 500 index gained 0.1 per cent to 2,669.91. The Dow Jones industrial average lost 11.15 points, or less than 0.1 per cent, to 24,311.19. The Nasdaq composite rose 1.12 points to 7,119.80.

Benchmark US crude fell lost 27 cents to $67.83 per barrel in electronic trading on the New York Mercantile Exchange. On Friday it gave up 9 cents to $68.10 a barrel.

Brent crude, used to price international oils, shed 30 cents to $73.49 per barrel. On Friday it lost 9 cents to $73.79 per barrel in London.

The US dollar was trading at 109.11 yen, up slightly from 109.05 late Friday. The euro was at $1.2128, down from $1.2131.


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