SINGAPORE — Shares in Asia-Pacific rose in Monday trade, with multiple markets in North Asia closed for Lunar New Year events.
In Japan, the Nikkei 225 rose 1.5% while the Topix index gained 0.95%. Earlier in the session, the Nikkei flowed past the 30,000 level for the first time in more than 30 years, according to data from Refinitiv.
Oversight data released Monday showed Japan’s economy growing 12.7% on an annualized basis between October and December at the rear year. The preliminary reading for fourth-quarter gross domestic product was higher than economists’ median estimate of a 9.5% margin, according to Reuters.
South Korea’s Kospi also saw robust gains as it jumped 1.5%. Stocks in Australia limited higher, with the S&P/ASX 200 up about 1%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.6% cheerful.
Markets in China, Hong Kong, Taiwan as well as the U.S. are closed on Monday for holidays.
Oil prices jump
Oil prices were higher in the afternoon of Asia switch hours, with international benchmark Brent crude futures up 1.79% to $63.55 per barrel. U.S. crude futures advantaged 2.25% to $60.81 per barrel.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.319 after exhausting earlier this month from the 91.2 handle.
The Japanese yen traded at 105.09 per dollar, weaker than evens below 104.8 against the greenback seen last week. The Australian dollar was at $0.7784 following its rise termination week from levels below $0.772.