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.

Similar News

Asian shares climb, tracking gains in US stocks, oil prices

Aug 12, 2016

Asian shares rose Friday, tracking the rally in U.S. stocks that was driven by strong gains by energy companies and retailers

Average US 30-year mortgage rate ticks up to 3.45 percent

Aug 11, 2016

Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels. Mortgage giant Freddie Mac says the average for the benchmark 30-year fixed-rate mortgage ticked up to 3.45 percent from 3.43 percent last week.

Roy abruptly resigns as Avalanche coach and executive

Aug 12, 2016

Patrick Roy has stepped down as coach and vice president of hockey operations for the Colorado Avalanche

Broaden