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Most Asia markets close higher on 2018’s first trading day; Hang Seng scales 10-year high

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January 2, 2018

Asian indexes closed mostly higher in the first trading session of the new year as markets shrugged off the softer lead from Wall Street.

Greater China markets shone, with Hong Kong’s benchmark index climbing to its highest levels in more than 10 years in the session while the dollar struggled near its lowest levels in three months.

In Sydney, the S&P/ASX 200 slipped below the flat line to close lower by 0.06 percent at 6,061.3. Gains in the telecommunications and resources sectors were offset by declines in the health care and heavily-weighted financials sub-indexes, which closed lower by 0.56 percent and 0.23 percent, respectively.

Gold producer stocks rose 1.19 percent as the yellow metal traded at three-month highs. Kingsgate rose 5 percent and Newcrest added 1.14 percent by the end of the day.

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This article was posted: Tuesday, January 2, 2018 at 9:00 am

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