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Asia Markets Mostly Higher on U.S. Holiday

In Thursday trading, Asia pacific markets were higher with the exception of the Japanese Nikkei which ended the day fractionally lower.

The Shanghai Composite finished the day at 2006.10–up 11.83 or 0.59 percent. Seoul’s Kospi was up 0.80 percent at 1839.14, the Hang Seng ended 1.6 percent higher at 20468.67, and the Nikkei was down 0.26 percent at 14018.93.

The yen sat just below the key psychological level of 100 against the dollar–currently at 99.99 while the euro was slightly weaker against the greenback at 1.2922.

Asian markets were largely tepid as it waited for key ECB rate data to be delivered later in the day. After the Asian close, ECB President Mario Draghi pledged that key rates would remain at present or lower levels for an extended period of time. This led the euro as much as 0.93 percent lower against the dollar before rebounding and sent Asian market futures higher.

Asian markets were mostly higher after a positive trend in U.S. markets continued on a holiday shortened trading day Wednesday.

 

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