Australian, New Zealand stocks edge lower amid holidays in Asia

Posted by On 7:25 PM

Australian, New Zealand stocks edge lower amid holidays in Asia

Trading was off to a quiet start for Asian equities on Monday with Japan, South Korea, China and Taiwan markets all closed for holidays.

Australia├ó€™s ASX 200 XJO, -0.11% was down 0.3% on early weakness in financials. The market was expected to have support from the early 1% gain in oil prices following a meeting of major oil producers which essentially maintained the status quo.

See also: Oil producers say they can ramp up output as needed to meet an y shortages in global oil market

New Zealand├ó€™s NZX 50 NZ50GR, -0.64% was down 0.5% at midday following an end-of-day spike which gave the index its first record-high close of September.

Meanwhile, S&P 500 futures ESZ8, -0.24% were down 0.2%.

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Source: Google News New Zealand | Netizen 24 New Zealand

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