By Shinichi Saoshiro
TOKYO (Reuters) – Asian equities rallied on Monday as Wall Street rebounded after a deal was announced, the US government stalled after a long stoppage that shook investor sentiment to reopen.
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<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The South Korean KOSPI (.KS11) relocated 0.2 percent, New Zealand shares <.NZ50> rose slightly, while the Japanese Nikkei (.N225) versus the trend and less 0.2% The Australian financial markets were for their "Australia Day" holiday US President Donald Trump agreed on Friday to temporarily end a 35-day partial US government shutdown without having the $ 5.7 billion he demanded from the Congress for a border wall. "data-reactid =" 25 "> South Korea's KOSPI (.KS11) climbed 0.2 percent, New Zealand stock <.NZ50> rose slightly, while the Japanese Nikkei (.N225) bucked the trend and slid 0.2 percent , The Australian financial markets were for their & # 39; Australia Day & # 39; Holiday closed. On Friday, US President Donald Trump agreed to temporarily end a 35-day-old, partially-closed US administration without raising the $ 5.7 billion required by Congress for a wall.
In response, Wall Street rose broadly on Friday as investors were encouraged by the US government's longest shutdown in history. [.N]
After the deadlock, investors became anxious and frustrated as they came up at a time of mounting concerns about slowing global growth, signs of corporate earnings stress and a still unresolved Sino-US trade war.
"The Rise in the Far End Stock markets should continue to exist, and the reopening of the US government is definitely a plus for market sentiment," said Soichiro Monji, chief economist at Daiwa SB Investments.
and Brexit, "he said.
In the currency market, the pound stood high, hovering close to a three-month high of $ 1.3218 (GBP = D3) set on Friday amid optimism that Britain would be a no Britain may abandon the European Union on March 29, but the country's MPs are still far from agreeing on a divorce treaty, which has markets worried about the possibility of disorderly Brexit , kept up to date for much of the past few weeks.
The euro was also on the wane against the yielding dollar.
The single currency was 0.05 percent higher at 1.1412 USD (EUR =) after being hit Friday's rise of 0.9 percent, offsetting last week's losses on the light-hearted comments of European Central Bank President Mario Draghi.
The Doll ar was slightly lower at the end of last week after a slight decline at 109.48 yen (JPY =).
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US. Crude oil futures (CLc1) fell 0.55 percent to $ 53.39 a barrel and lost momentum after two price gains.
Oil prices soared towards the end of last week, as political unrest in Venezuela threatened crude oil supplies with the United States, signaling that they could impose sanctions on exports from the South American country.
(editors of Shri Navaratnam)