Asian shares advance after modest gains on Wall St
ABC News
Shares are mostly higher in Asia after Wall Street benchmarks managed to close mostly higher
Shares were mostly higher in Asia on Friday after Wall Street benchmarks managed to close mostly higher.
Stocks advanced in Tokyo, Hong Kong, Seoul and Sydney in early trading. Shanghai was flat.
In China, a major Communist Party meeting ended Thursday with a resolution setting the stage for President Xi Jinping to remain top leader for life. The decision was expected.
Meanwhile, although the Chinese economy has been slowing after bouncing back from a pandemic downturn, the record $139.1 billion spent by Chinese shoppers during this year’s annual Nov. 11 Singles’ Day shopping extravaganza suggested potential for resilient retail demand.
