{"id":112828,"date":"2021-02-15T00:40:40","date_gmt":"2021-02-15T00:40:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112828"},"modified":"2021-02-15T00:40:40","modified_gmt":"2021-02-15T00:40:40","slug":"asia-pacific-stocks-rise-as-china-hong-kong-markets-remain-closed-for-the-lunar-new-year-holiday","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/asia-pacific-stocks-rise-as-china-hong-kong-markets-remain-closed-for-the-lunar-new-year-holiday\/","title":{"rendered":"Asia-Pacific stocks rise as China, Hong Kong markets remain closed for the Lunar New Year holiday"},"content":{"rendered":"<ul>\n<li>Government data released Monday showed Japan&#x27;s economy growing 12.7% on an annualized basis in October to December last year. The preliminary reading for fourth-quarter gross domestic product was higher than economists&#x27; median estimate of a 9.5% gain, according to Reuters.<\/li>\n<li>Markets in China, Hong Kong, Taiwan as well as the U.S. are closed on Monday for holidays.<\/li>\n<\/ul>\n<p>SINGAPORE \u2014 Stocks in Asia-Pacific rose in Monday morning trade, with multiple markets in North Asia closed for Lunar New Year holidays.<\/p>\n<p>South Korea&#x27;s Kospi led gains in the region as it jumped 1.35%.<\/p>\n<p>In Japan, the Nikkei 225 rose 1.09% in early trade while the Topix index gained 0.82%.<\/p>\n<p>Government data released Monday showed Japan&#x27;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&#x27; median estimate of a 9.5% gain, according to Reuters.<\/p>\n<p>Stocks in Australia edged higher, with the S&amp;P\/ASX 200 up 0.9%.<\/p>\n<p>MSCI&#x27;s broadest index of Asia-Pacific shares traded 0.37% higher.<\/p>\n<p>Markets in China, Hong Kong, Taiwan as well as the U.S. are closed on Monday for holidays.<\/p>\n<table><\/table>\n<h2>Oil prices jump<\/h2>\n<p>Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 1.22% to $63.19 per barrel. U.S. crude futures gained 1.66% to $60.46 per barrel.<\/p>\n<p>The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.43 after weakening earlier this month from the 91.2 handle.<\/p>\n<p>The Japanese yen traded at 105.03 per dollar, weaker than levels below 104.8 against the greenback seen last week. The Australian dollar was at $0.7762 following its rise last week from levels below $0.772.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/02\/15\/asia-markets-japan-preliminary-gdp-data-currencies-oil.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Government data released Monday showed Japan&#x27;s economy<\/p>\n","protected":false},"author":3,"featured_media":112827,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia-Pacific stocks rise as China, Hong Kong markets remain closed for the Lunar New Year holiday - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/asia-pacific-stocks-rise-as-china-hong-kong-markets-remain-closed-for-the-lunar-new-year-holiday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia-Pacific stocks rise as China, Hong Kong markets remain closed for the Lunar New Year holiday - 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