Home Business China markets remain closed for Lunar New Year holiday

China markets remain closed for Lunar New Year holiday

SINGAPORE — Stocks in Asia-Pacific rose in Tuesday morning trade as markets in mainland China remain closed for the Lunar New Year holiday.

In Japan, the Nikkei 225 advanced 0.74% in early trade while the Topix index gained 0.43%. South Korea’s Kospi edged 0.52% higher.

Stocks in Australia also rose, with the S&P/ASX 200 up 0.46%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.1% higher.

Minutes from the Reserve Bank of Australia’s February monetary policy meeting are expected to be out at around 8:30 a.m. HK/SIN on Tuesday.

Markets stateside were closed on Monday for a holiday.

Currencies

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.48 following its decline late last week from above 90.6.

The Japanese yen traded at 105.37 per dollar after weakening yesterday from levels below 105.2 against the greenback. The Australian dollar changed hands at $0.7785, still higher than levels below $0.772 seen last week.

Here’s a look at what’s on tap:

  • Australia: Minutes form the Reserve Bank of Australia’s February monetary policy meeting at 8:30 a.m. HK/SIN

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