Asia-Pacific stocks rise as China, Hong Kong markets remain closed for the Lunar New Year holiday
Stocks in Asia-Pacific rose in Monday morning trade, with multiple markets in North Asia closed for Lunar New Year holidays.
South Korea’s Kospi led gains in the region as it jumped 1.35%.
In Japan, the Nikkei 225 rose 1.09% in early trade while the Topix index gained 0.82%.
Government data released Monday showed Japan’s economy growing 12.7% on an annualized basis between October and December last year. The preliminary reading for fourth-quarter gross domestic product was higher than economists’ median estimate of a 9.5% gain, according to Reuters.
Stocks in Australia edged higher, with the S&P/ASX 200 up 0.9%.
MSCI’s broadest index of Asia-Pacific shares traded 0.37% higher.
Markets in China, Hong Kong, Taiwan as well as the U.S. are closed on Monday for holidays.
Reference: CNBC
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