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Asia Markets: Asian markets gain in muted holiday trading

Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed. Read More...

TOKYO — Asian stock indexes rose moderately in quiet holiday trading on Good Friday as some markets were closed.

Japan’s benchmark Nikkei 225 NIK, +0.40%   edged up 0.6% in early trading. South Korea’s Kospi SEU, +0.29%   rose 0.3% and the Shanghai Composite SHCOMP, -0.08%   gained 0.6%.

Some markets remain closed for a national holiday, including in the U.S., Hong Kong, Australia and parts of Europe.

Among individual stocks, Nintendo 7974, +13.68%   surged in Tokyo trading after the videogame company said it was teaming with Tencent 0700, -1.01%   to sell its Switch gaming console in China, potentially open up a lucrative new market. Nissan shares 7201, -2.50%   fell after a report that the auto maker would slash global output by 15% this fiscal year. SK Hynix 000660, +3.28%  jumped in South Korea, as Samsung 005930, -0.33%   rose slightly.

Overnight, major U.S. stock indexes capped the holiday shortened week with slight gains, although the marginal upward move was not enough to keep the benchmark S&P 500 index from snapping a string of three straight weekly gains.

The S&P 500 SPX, +0.16%   gained 4.58 points, or 0.2%, to 2,905.03. The Dow Jones Industrial Average DJIA, +0.42%   rose 110 points, or 0.4%, to 26,559.54. The Nasdaq composite COMP, +0.02%   inched 1.98 points higher, or less than 0.1%, to 7,998.06.

Benchmark U.S. crude oil CLK9, +0.38%   added 7 cents to $64.07 a barrel. It rose 0.4% to settle at $64 per barrel Thursday. Brent crude LCOM9, +0.54%  , the international standard, added 0.5% to $71.97 per barrel.

The dollar USDJPY, -0.06%   rose slightly to 111.92 Japanese yen from 111.89 yen late Thursday.

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