Asian stocks mostly higher, some markets closed on Labor Day
Asian shares were mostly higher Monday despite worries over regional tensions after a North Korea missile launch failed over the weekend.
KEEPING SCORE: Many markets in Asia and Europe were closed for Labor Day. Japan’s benchmark Nikkei 225 gained 0.4 percent in the morning session to 19,274.99. Australia’s S&P/ASX 200 was up nearly 0.1 percent to 5,927.60.
WALL STREET: U.S. stocks closed modestly lower Friday. The Standard & Poor’s 500 index slipped 4.57 points, or 0.2 percent, to 2,384.20. The Dow Jones industrial average fell 40.82 points, or 0.2 percent, to 20,940.51. The Nasdaq composite lost 1.33 points, or 0.02 percent, to 6,047.61.
NORTH KOREA: The failed attempt to launch a mid-range ballistic missile on Saturday added to regional uncertainty. President Donald Trump has warned that the U.S. “can’t allow” North Korean leader Kim Jong-Un to develop better missiles.
THE QUOTE: “The market mood remains relatively cautious ahead of a big news week that will include the French election and U.S. jobs data,” Ric Spooner, chief market analyst at CMC Markets, said in a commentary.