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Stock market today: Asian shares gain in quiet holiday trading after Wall St’s 8th winning week
BANGKOK — Asian shares were mostly higher on Monday after Wall Street capped its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up.
Tokyo’s Nikkei 225 added 0.3% to 33,254.03 and the Shanghai Composite index edged 0.1% higher, to 2,918.93. The Taiex in Taiwan gained 0.1% and Bangkok’s SET rose 0.1%.
Most markets in the region and beyond were closed for the Christmas holiday.
Chinese regulators announced approvals of more than 100 online games and issued a statement expressing support for the industry after draft guidelines issued Friday caused share prices of major games makers like Tencent and Netease to plunge.
On Friday, the S&P 500 rose 0.2% to sit less than 1% below its record set nearly two years ago, at 4,754.63. The Dow slipped less than 0.1% to 37,385.97, and the Nasdaq gained 0.2%…
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