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- Global Stocks: Asian stocks gained – Floor trading on Wall Street closed on Thanksgiving
Global Stocks: Asian stocks gained – Floor trading on Wall Street closed on Thanksgiving
U.S. markets were closed yesterday for the Thanksgiving holiday.
Hong Kong's Hang Seng is trading +0.20% at 24,052.57. China's Shanghai Composite closed at 2,682.92 points, a gain of +1.99% heading for the biggest monthly gain in two years. Chinese stocks were boosted by the benchmark interest cut of the PBoC last week.
Japan's Nikkei gained +1.23% closing at a two-week high at 17,459.85 points. Export stocks were fuelled by a weaker yen, transport stocks were supported by lower oil prices. Industrial production rose unexpectedly by +0.2% beating analyst forecasts who predicted a decline by -0.4%.
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