Stock market today: Asian shares are mostly higher as Chinese markets reopen after Lunar New Year
Shares are mostly higher in Asia after Chinese markets reopened from a long Lunar New Year holiday
By ELAINE KURTENBACH
Published - Feb 19, 2024, 01:03 AM ET
Last Updated - Feb 19, 2024, 01:03 AM EST
BANGKOK (AP) — Shares were mostly higher in Asia after Chinese markets reopened Monday from a long Lunar New Year holiday.
U.S. futures rose slightly while oil prices declined. Markets will be closed Monday in the United States for President's Day.
Hong Kong's Hang Seng fell 0.9% to 16,192.24 on heavy selling of technology and property shares despite a flurry of announcements by Chinese state banks of plans for billions of dollars' worth of loans for property projects.
Major developer Country Garden dropped 5.6% and Sino-Ocean Group Holding plunged 6.5%. China Vanke lost 4.6%.
