Asian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week
TOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal Reserve policy meeting set for later this week.
Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged nearly 1.0% to 2,681.73. Hong Kong's Hang Seng jumped 1.2% to 17,859.39, while the Shanghai Composite rose 0.6% to 17,859.39.
Trading was closed in Tokyo for a Japanese national holiday, Showa Day. Japan has a series of holidays coming up known as the Golden Week, through Monday.
Stephen Innes, managing partner at SPI Asset Management, said the market mood was positive after last week's Wall Street tech-driven rally.