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Asian Shares Edge Higher In Thin Trade With Tokyo Shut For Holiday

Published 01/07/2018, 11:07 PM
© Reuters.  Asian shares gain
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Investing.com - Asian share edged higher on Monday with markets in Tokyo shut for a holiday and in a thin regional data day.

Australia's S&P/ASX 200 rose 0.13%, while in Greater China the Shanghai Composite gained 0.35% and the Hang Seng index increased 0.03%. In Hong Kong. Most property developers rose, extending gains recorded in the previous session. China Evergrande was higher by 3.66% and China Vanke tacked on 5.04%.

Last week, the Dow Jones industrial average advanced 220.74 points to close at 25,295.87. The S&P 500 climbed 0.7% and finished at 2,743.15, with tech stocks rising 1.2%. The Nasdaq composite gained 0.8% to 7,136.56 as Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) shares hit record highs. The major indexes also reached all-time highs.

The U.S. economy added 148,000 jobs in December, according to the Labor Department. Economists polled by Reuters expected a gain of 190,000.

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