Most stock markets closed in Asia for holidays | Inquirer Business

Most stock markets closed in Asia for holidays

/ 11:07 AM February 11, 2013

An investor looks at the stock price monitor at a private securities company Wednesday, Feb. 6, 2013, in Shanghai, China. AP FILE PHOTO

BANGKOK — Stock markets in Hong Kong, mainland China and Seoul were among those closed Monday for the Lunar New Year holiday. Japanese markets were also shut for a public holiday.

Australia’s S&P/ASX 200 was marginally higher at 4,973.20, with a positive earnings report from retailer HB Hi-Fi Ltd. helping to boost retail stocks. JB Hi-Fi surged 15.4 percent after reporting its first half net profit had risen 3 percent to 82 million Australian dollars ($84.6 million). David Jones rose 3.6 percent and Myer Holdings added 3.1 percent.

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Key stock indexes in the Philippines and Indonesia also rose while markets in Singapore, Taiwan and Vietnam were closed for holidays.

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Benchmark oil for March delivery rose 5 cents to $95.77 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 11 cents on the Nymex on Friday to close at $95.72 a barrel.

In currencies, the euro rose to $1.3372 from $1.3363 late Friday in New York. The dollar fell to 92.51 from 92.83 yen.

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TAGS: Asia, Business, economy, holidays, News, Stock Market

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