Asian Markets Mixed at Start of Shortened Trading Week
Posted: Mon May 25, 2020 2:13 am
KOSPI, left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, May 25, 2020.
Asian markets are in mixed territory Monday.
Tokyo’s Nikkei index closed 1.7% higher on news that the government was set to lift the coronavirus state of emergency on Tokyo, while the Hong Kong’s Hang Seng index is 0.15% lower as the financial hub was rocked by new protests over China’s proposed national security law critics say will bring an end to the city’s semi-autonomous status.
Shanghai’s index closed slightly (0.15%) higher, while Sydney’s S&P/ASX is up over 2%. Seoul’s KOSPI is up 1.2%, while Taiwan’s TSEC index finished the trading day 0.5% higher.
In oil trading, U.S. crude oil is $33.60 per barrel, up 1%, while the international standard, Brent crude, is $35.27 per barrel, up 0.4%.
All three U.S. stock exchanges will be closed in observance of Monday’s Memorial Day holiday.