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Asian Shares Gain On Lead From Wall Street Last Week

Published 12/10/2017, 11:21 PM
Updated 12/10/2017, 11:21 PM
© Reuters.  Asian shares gain

Investing.com - Asian shares gained on Monday, taking a cue from the US close last week and in an otherwise light regional data day.

The Nikkei 225 rose 0.31%, while Australia's S&P/ASX 200 edged up 0.14%.

In Greater China, the Shanghai Composite rose 0.40% and the Hang Seng index gained 0.50%.

Obayashi Corporation were down 7.19 percent. The move followed a report from local newspaper Asahi Shimbun that prosecutors suspected the company was involved in bid-rigging.

The Fed meets this week and is widely expected to hike interest rates by a quarter point. The European Central Bank, Bank of England and the Swiss National Bank are also due to hold monetary policy meetings, although no changes are expected.

Last week, The Dow Jones industrial average rose 117.68 points to 24,329.16,. The S&P 500 gained 0.6% to close at 2,651.50. The Nasdaq composite jumped 0.4% to finish at 6,840.08, as shares of Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Alphabet (NASDAQ:GOOGL) rose.

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