January 23, 2023

Asia-Pacific shares traded higher tracking gains on Wall Street, many markets closed for Lunar New Year

Japan +1.33%.

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China Market closed.

Hong Kong Market closed.

Australia +0.07%.

India +0.59%.

Friday on Wall Street, major stock indexes ending Friday with solid gains. The Dow Industrial Average rose 330.93 points or 1.00% at 33375.50; S&P index rose 73.74 points or 1.89% at 3972.60; and NASDAQ index rose 288.18 points or 2.66% at 11140.44.

Australian inflation data this week – the RBA will be eyeing it for the February 7 meeting.

China is on holiday all next week. Hong Kong and Singapore also for around half of it.

On Friday, Fed Gov. Christopher Waller said he favors just a quarter-point hike on Feb. 1, when the central bank gives its next interest rate policy update.

U.S. benchmark crude oil lost 35 cents to $81.29 per barrel in electronic trading on the New York Mercantile Exchange. It gained $1.03 to $81.64 per barrel on Friday.

Brent crude the price benchmark for international trading, gave up 40 cents to $87.23 per barrel.

U.S. futures mostly lower. Dow Jones +0.01%; S&P 500 -0.05%; Nasdaq -0.02%.

Now read: Credit Suisse highlights 10 risk surprises for 2023

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