Stock Markets in Hong Kong and South Korea Remain Closed While Japan's Nikkei Index Hits Record High
Asian Markets React to Holiday-Thinned Trading
Some Asian markets remained closed on 25 May due to public holidays. South Korea's Seoul Stock Exchange and KOSDAQ were shut on account of Vesak Day, while trading on the Hong Kong Stock Exchange was closed for the Birthday of the Buddha holiday.
Among the markets that remained open today, Japan led regional gains. The Nikkei 225 surged 2.75% to a record high of 65,081.96, crossing the 65,000 mark for the first time. Investor sentiment improved after reports suggested that the strategically important Strait of Hormuz could reopen soon, easing concerns over oil supply disruptions and pushing crude prices lower. Japan's broader Topix index also advanced 0.65%.
Australia's S&P/ASX 200 traded flat in a subdued session amid the holiday-thinned trading environment across the region.
Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data
| Market | Change | Previous High |
|---|---|---|
| Nikkei 225 | 2.75% | - |
| Topix | 0.65% | - |
| S&P/ASX 200 | Flat | - |
Investor Takeaway
Investors should be aware of market holidays and their potential impact on trading.
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