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  • By The Financial District

Asian Shares Up In Very Thin Holiday Trading

Shares rose Monday, Dec. 26, 2022, in Asia in thin post-Christmas holiday trading, with markets in Hong Kong, Sydney and several other places closed, Elaine Kurtenbach reported for the Associated Press (AP).


Photo Insert: Tokyo’s Nikkei 225 index gained 0.6% to 26,393.32 and the Kospi in Seoul added 0.2% to 2,318.54. The Shanghai Composite index rose 0.5% to 3,061.93 and the SET in Bangkok added 0.6%.



Tokyo’s Nikkei 225 index gained 0.6% to 26,393.32 and the Kospi in Seoul added 0.2% to 2,318.54. The Shanghai Composite index rose 0.5% to 3,061.93 and the SET in Bangkok added 0.6%.


On Friday, the S&P 500 reversed a 0.7% loss to close 0.6% higher, at 3,844.82. With one week left of trading in 2022, the benchmark index is down 19.3% for the year. The Dow Jones Industrial Average rose 0.5% to 33,203.93, while the tech-heavy Nasdaq edged 0.2% higher, to 10,497.86. Small company stocks also rose.



The Russell 2000 index picked up 0.4% to 1,760.93. In currency dealings, the US dollar slipped to 132.62 Japanese yen from 132.82 yen late Friday. The euro rose to $1.0629 from $1.0614.


The Fed has said it will keep raising interest rates to tame inflation, even though the pace of price increases has continued to ease.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The Fed’s key overnight rate is at its highest level in 15 years, after beginning the year at a record low of roughly zero. The key lending rate, the federal funds rate, stands at a range of 4.25% to 4.5%, and Fed policymakers have forecast that the rate will reach a range of 5% to 5.25% by the end of 2023.



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