China, Japan stocks lower on Christmas

FILE - In this Dec. 13, 2019, file photo trader Ashley Lara works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 24. (AP Photo/Richard Drew, File)

Chinese and Japanese stocks declined Thursday while most other Asian markets were closed for Christmas Day.

Tokyo's Nikkei 225 lost 0.1% to 23,806.72 while the Shanghai Composite Index was off 2 points at 2,982.80. Malaysia's benchmark was down 0.6% while Taiwan gained nine points.

Wall Street ended nearly flat Tuesday in a shortened trading session before closing for Christmas Day. U.S. markets reopen Thursday.

The benchmark S&P 500 index slipped less than 0.1% to 3,223.38. The Dow Jones Industrial Average dropped 0.1%, to 28,515.45. The Nasdaq composite gained 0.1% to 8,952.88.

Investors have been encouraged by plans for an interim U.S.-Chinese trade deal despite having seen few details.

U.S. recession fears have faded after the Federal Reserve cut interest rates three times. The central bank appears set to keep them low for a long time.

Energy markets were closed for the holiday.

In currency markets, the dollar edged up to 109.39 yen from Tuesday's 109.38 yen. The euro declined to $1.1087 from $1.1089.

People also read these

Navy gets $2.7B attack submarine sponsored by Michelle Obama

Aug 27, 2016

A Connecticut company has delivered to the U.S. Navy an attack submarine that is sponsored by first lady Michelle Obama and will be named for her home state

Clinton hits Trump by recalling her father's business

Aug 29, 2016

Hillary Clinton is invoking memories of her father's drapery business as she questions Donald Trump's economic record and promotes her small business plans

Police look into whether sun glare was factor in kayak crash

Aug 31, 2016

Authorities are looking into whether sun glare was a factor in an accident in which a ferry departing a New York City pier slammed into a group of kayakers, critically injuring one

Walk The Biz welcomes all casual and easygoing readers who seeks to digest business travel to international trade policy to starting in the transportation & shipping industry.

Subscribe to our newsletter now!

Name:

Email: