The majority of Asian exchanges on Chinese New Year holidays, Australia and Japan weaken

Singapore, Britishcourse.com – The majority of Asian exchanges were closed for trading today, Friday (12/2/2021), because it coincided with the Chinese New Year holiday. Australian and Japanese exchanges, which continued to operate, moved lower.

In Australia, the ASX 200 is down 0.21%. The financial, energy and material sectors weakened. ANZ shares were up 0.12%, Commonwealth Bank was up 0.34%, Westpac was down 0.13%, and National Australia Bank was down 0.12%.

A pedestrian walks past electronic quotation boards displaying share prices of the Tokyo Stock Exchange in Tokyo on September 14, 2020. (Photo by Kazuhiro NOGI / AFP)

In Japan, the Nikkei 225 fell 0.22%, the Topix also edged down.

The Dow Jones Industrial Average closed flat, while the S&P 500 and Nasdaq edged higher in trading Thursday (11/2/2021). The February rally on Wall Street started to lose momentum.

The Dow Jones Industrial Average was down 0.02%, the S&P 500 was up 0.17%, the Nasdaq was up 0.38%.

The employment data missed analyst estimates. Last week’s jobless claims added 793,000, while the Dow Jones analyst estimate was at 760,000.

World crude oil prices weakened at the close of trading Thursday (11/2/2021), after having strengthened recently. Production cuts and vaccinations are still shaping oil prices.

The price of Brent crude oil fell 0.42% to US $ 61.21 per barrel, while WTI fell 0.75% to US $ 58.24 per barrel at the close of last Thursday. This morning (12/2/2021), WTI again corrected 0.57% to US $ 57.91, while Brent fell 0.54% to US $ 61.14.

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