Japan stocks up, China down after Christmas break
Monday 28 December, 2015 12:00:00 am
Beijing, Dec 28 (AP/UNB) — Japanese stocks rose and Chinese markets declined Monday as Asian traders returned to work following the Christmas break.
KEEPING SCORE: Tokyo's Nikkei 225 index added 0.2 percent to 18,807.84 while the Shanghai Composite Index lost 0.1 percent to 3,625.03. Hong Kong's Hang Seng retreated 0.4 percent to 22,042.77 and Sydney's S&P/ASX 200 advanced 1.3 percent to 5,207.60. Seoul's Kospi shed 0.8 percent to 1,973.73. New Zealand, Taiwan and Singapore also advanced.
WALL STREET: Stocks closed lower Thursday in light Christmas Eve trading. The energy component of the Standard & Poor's 500 index fell 0.9 percent, the most of its 10 industry sectors. The Dow Jones industrial average lost 0.3 percent and the S&P 500 declined 0.2 percent. The Nasdaq composite lost less than 0.1 percent. The S&P 500 ended the week up nearly 3 percent and is back into positive territory for the year.
ANALYST'S TAKE: Trading "easing off into thin holiday markets should not lull one into complacency," said Mizuho Bank in a report. "Watch for renewed momentum in 2016!"
ENERGY: Benchmark U.S. crude shed 23 cents to $38.87 per barrel in electronic trading on the New York Mercantile Exchange. On Thursday, the contract gained 60 cents to close at $38.10. Brent crude, which is used to price international oils, lost 12 cents to $37.77 per barrel in London. In the previous session, the contract rose 53 cents to close at $37.89.
CURRENCY: The dollar gained to 120.39 yen from 120.43 yen. The euro advanced to $1.0980 from $1.0976.