TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
Sydney’s S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea’s Kospi surged nearly 1.0% to 2,681.73. Hong Kong’s Hang Seng jumped 1.2% to 17,859.39, while the Shanghai Composite rose 0.6% to 17,859.39.
Trading was closed in Tokyo for a Japanese national holiday, Showa Day. Japan has a series of holidays coming up known as the Golden Week, through Monday.
Stephen Innes, managing partner at SPI Asset Management, said the market mood was positive after last week’s Wall Street tech-driven rally.
The recent string of strong earnings have boosted market sentiments, but what could be a risk factor is the declining Japanese yen, he added.
155 police officers injured at German soccer match, most from tear
Woman, 62, is left baffled as she turns up to a hospital scan only to be told she's already dead
The EU's executive decides to end legal standoff with Poland over democracy concerns
Analysis: Larson enters conversation with Verstappen as best drivers in the world
Macron sets Ukraine war as top priority as China's Xi Jinping arrives in France
NBC will stick with dual announcers and analysts for the US Open
Janet Jackson to play 2024 Essence Fest instead of the Smoothie King Center this summer
Lynn Williams breaks NWSL goal
The yearly memorial march at the former death camp at Auschwitz overshadowed by the Israel
Wildfires sweep across Finland, straining rescue services
Trump Media fires auditing firm that US regulators have charged with 'massive fraud'