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Saturday, January 03, 2015, Poush 20, 1421, Robiul Awal 11, 1436 Hijr

Asia stocks up in New Year trade
Published : Saturday, 3 January, 2015,  Time : 12:00 AM,  View Count : 6

HONG KONG, Jan 2:  Asian markets started 2015 on an upswing, mostly rising in limited trading Today, with many regional bourses still closed for public holidays.
Hong Kong was up 0.6 percent, adding 141.22 points to 23,746.26. Seoul was flat, edging up 1.06 points to 1,916.65, while Sydney was up 0.3 percent, or 16.5 points, at 5,427.5. Singapore was little changed, slipping 0.91 points to 3,364.24.
Markets in mainland China, Japan, Taiwan, New Zealand, the Philippines, and Thailand were closed for holidays.
Volumes were low as traders began returning after the New Year break, with less than half the average quantity of shares changing hands in Sydney, Seoul, Hong Kong and Singapore, according to data compiled by Bloomberg.
"Volumes are abysmal and we're not taking much notice of today's price action," Michael McCarthy, Sydney-based chief market strategist at CMC Markets, told Bloomberg. "We are expecting a volatile ride to play out this year."
On forex markets the dollar extended gains ahead of the release of American factory data and following a steady stream of good news from the world's biggest economy.  The dollar bought 120.37 yen, compared to 119.44 yen in final 2014 trading on Wednesday.

Editor : Iqbal Sobhan Chowdhury
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