Asian Markets Mostly Higher
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Monday amid thin holiday trade across the Asian region, following broadly positive cues from Wall Street on Thursday on upbeat jobs and manufacturing data. Traders are also upbeat about a stimulus-fuelled global economic recovery after US President Joe Biden s speech regarding his $2 trillion infrastructure and economic recovery plan.
However, worries about rising coronavirus cases and extension of lockdown restrictions are limiting market gains. Asian markets closed mostly higher on Friday.
The Australian stock market is closed on Monday on account of Easter Monday. Australian stocks closed modestly higher on Thursday ahead of the Easter weekend. In the currency market, the Aussie dollar is trading at $0.762 on Monday.
Japanese Market Extending Gains
TOKYO (dpa-AFX) - Japanese stock market is higher on Monday, extending gains of the previous two sessions, with the Nikkei 225 breaking above the 30,000 level to three-week highs. The cues from Wall Street on Thursday were broadly positive on upbeat jobs and manufacturing data.
The benchmark Nikkei 225 Index is gaining 245.98 points or 0.82 percent to 30,099.98, after touching a high of 30,195.00 earlier. Japanese shares ended sharply higher on Friday.
Market heavyweight SoftBank Group is up more than 1 percent and Uniqlo operator Fast Retailing is adding almost 3 percent. Among automakers, Honda is gaining almost 1 percent, while Toyota is flat.
The major exporters are also higher. Panasonic is edging down 0.4 percent, while Mitsubishi Electric is edging up 0.1 percent. Sony and Canon are edging up 0.4 percent each.
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Japan Economic Newswire
A Japanese court rejected a request to suspend two nuclear reactors operated by Kyushu Electric Power Co. on Friday, a day after the country marked the 10th anniversary of the massive earthquake and tsunami that triggered the Fukushima Daiichi nuclear accident.
Plaintiffs including local residents had demanded that the utility halt operation of the Nos. 3 and 4 reactors at the Genkai nuclear power plant in Saga Prefecture, southwestern Japan, amid safety concerns.
Plaintiffs also lost in a separate case seeking to have the government s approval of operating the Genkai plant reactors revoked. Both rulings were handed down by the Saga District Court.